The repercussions of Covid-19 Pandemic towards the cracking of economic globalization and the shift to industry digitization

Lynda AIT BACHIR , Youcef BOUDELLA

  • Lynda AIT BACHIR University center Aflou, Algeria
  • Youcef BOUDELLA 2FSECSG, Alpec Laboratory, Boumerdes University, Algeria
Keywords: Economic globalization, COVID-19, Industrial revolution, Digital transformation, Internet of things

Abstract

As much as the globalization contributed to the growth of international trade, as much as it led to the aggravation systemic risk as financial crises and the prevalence of epidemics, the Covid-19 and Covid-20 pandemics is only one of these risks and challenges that touched the speed of globalization trend. Where this study aimed to highlight the repercussions of the spread of the Covid-19 pandemic on economic globalization and its repercussions on the industrial sector, using both descriptive and inductive approaches to indicators of slowing down the trend of economic globalization and the development of the size of the digital industrial revolution techniques.

The study concluded that the decline of economic globalization will not reverse its direction, but will be more widespread, and that theindustry’s future will be linked to digital transformation, by integrating the technologies of the Fourth and Fifth Industrial Revolution, such as robotics, Internet of things, cloud computing and artificial intelligence systems in production processes, to achieve cleaner production. Effectiveness in the use of renewable energies and environmental sustainability

Published
2022-03-11
How to Cite
AIT BACHIR L., & BOUDELLA Y. (2022). The repercussions of Covid-19 Pandemic towards the cracking of economic globalization and the shift to industry digitization. Journal of Economic Growth and Entrepreneurship , 5(1), 79-93. https://doi.org/10.5281/10.5281/zenodo.4482060