1 GROUP COVER SHEET ASSIGNMENT STUDENT DETAILS Student name: Bui Le Cong Thanh Student ID number: 22003875 Student name: To Tieu Man Student ID number: 22003974 Student name: Tran Nhan Thien Bach Student ID number: 22004010 Student name: Vuong Ngoc Kim Khanh Student ID number: 22002458 Student name: Duong Minh Tri Student ID number: 22002413 UNIT AND TUTORIAL DETAILS Unit name: Business Academic Skills Unit number: FOU104 Class day and time: Wednesday 12PM Tutorial/Lecture: Anna Loseva Lecturer or Tutor name: ASSIGNMENT DETAILS Title: Group Essay Length: 1334 Due date: Oct 25th 2022 Date submitted: Oct 25th 2022 DECLARATION I hold a copy of this assignment if the original is lost or damaged. I hereby certify that no part of this assignment or product has been copied from any other student’s work or from any other source except where due acknowledgement is made in the assignment. I hereby certify that no part of this assignment or product has been submitted by me in another (previous or current) assessment, except where appropriately referenced, and with prior permission from the Lecturer / Tutor / Unit Coordinator for this unit. No part of the assignment/product has been written/ produced for me by any other person except where collaboration has been authorised by the Lecturer / Tutor /Unit Coordinator concerned. I am aware that this work may be reproduced and submitted to plagiarism detection software programs for the purpose of detecting possible plagiarism (which may retain a copy on its database for future plagiarism checking). Student’s signature: Bui Le Cong Thanh Student’s signature: To Tieu Man Student’s signature: Tran Nhan Thien Bach Student’s signature: Vuong Ngoc Kim Khanh Student’s signature: Duong Minh Tri Note: An examiner or lecturer / tutor has the right to not mark this assignment if the above declaration has not been signed. Western Sydney Vietnam Campus-BAS 5- Ha Noi 2 Group Essay Assessment “Discuss the way in which the Covid pandemic may affect the globalization trend of the past decades.” Bui Le Cong Thanh- Duong Minh Tri-To Tieu Man Tran Nhan Thien Bach-Vuong Ngoc Kim Khanh Western Sydney University Vietnam BAS-T322WSB-5: Business Academic Skills Unit Anna Loseva Oct 25th 2022 Western Sydney Vietnam Campus-BAS 5- Ha Noi 3 Topic: Discuss the way in which the Covid pandemic may affect the globalization trend of the past decades Over the past two years, the spread of the Coronavirus pandemic has brought challenges to governments, organizations and citizens all over the globe. The Coronavirus epicdemic not only brought threats to the world but also different changes to many aspects of the society, including the trend of globalization in previous decades. This essay would take a look at the impacts that the pandemic may have had on the past’s globalization trend in terms of technology, trade and economy. Globalization is the process by which products, technology, information and jobs spread across national borders and culture. In the business world, the phrase is used to refer to linked economies characterized by free trade, the free movement of capital across nations, and simple access to foreign access, especially labor markets, in order to maximize profits and benefit for the general welfare (Lutkevich, 2021). Globalization is merely another term for internationalization in this context. The globe grows more globalized as more nations and areas entangle themselves politically, culturally, and economically. In Lutkevich’s article (2021), globalization is divided into 3 types: economic, political, and cultural. These three types influence each other. Over the past decades, globalization trends have been affected dramatically by Covid-19 pandemic, especially in terms of technology, trade and economy. Because of the pandemic, people tend to rely much on technology by using more social media, working from home,… compared to before. Moreover, experts concur that the Covid-19 issue had a significant influence on the global supply chains that were interrupted on a worldwide scale (Garofali, 2020, as cited in Tudorache, 2021), but also on how nations' border restrictions and lockdowns have had a significant detrimental impact on international trade flows (Gruszczynski, 2020, as cited in Tudorache, 2021). The changes begin with the shifting uses of technology. The rise of online video conferencing makes a noticeable difference in the way that people share experiences worldwide. Many countries have brought out the stay-at-home policy and because of that, the educational setting was in serious danger. Estimately, 300 million students’ study paths are damaged and their school activities are interrupted (Zullerman et. al., 2021). Thanks to the development of online communication apps such as Zoom or Google Meet, they have actualized the idea of online face -to-face learning, bringing the education section back to life. In fact, Harvard University has applied this method of learning since April 2020 and already planned a hybrid program for the following year due to its effectiveness. (Çoban & Vardar, 2021). Granted, there are some downsides to the application of technology into teaching and learning. Western Sydney Vietnam Campus-BAS 5- Ha Noi 4 One of which is the feeling of fatigue given by the online conferencing app itself, or to be more specific, “Zoom Fatigue” (Yaman & Hocaoğlu, 2022). In Yaman and Hocaoğlu's article (2022), they defined “Zoom Fatigue” as the feeling of tiredness after a meeting online through Zoom, but not exactly like work fatigue or education fatigue. The cause of this is vague, no clear explanation has been given yet, but one idea of why it is happening is the mechanism of mirror anxiety, when the camera act as a mirror which reflects ourselves, affecting our mental as it triggers anxiety and depression (Gonzales & Hancock, 2011, as cited in Yaman & Hocaoğlu, 2022). Even after the pandemic, these practices are still in use by many universities. Evaluating the broader perspective of this, education nowadays is deeply influenced by this method in both ways. The good way is the easy access, but the harsh reality is that it deeply affects the way students perceive their choices and interests. One study in a Colombian university showed that 69% of students who took this questionnaire interest have been influenced by the way this university delivers knowledge remotely (Banki, 2021). According to Banki (2021), such disengagement occurs when the lecturers and the students have less communication and less interactions in an online environment, resulting in boredom and finally the loss of interest. This also causes students to misunderstand and end up choosing the wrong passion. However, it is undeniable how technology has opened up a new world of possibilities in education. Acknowledging the pros of these apps, people can avoid the negative effects that it brings, accept it and enjoy the benefits that it offers. The pandemic context has also led to huge pressures on trade- an essential role in economic development and activities. In the past 2 years, the Covid-19 pandemic has interrupted economic activities and as a result, international trade plunged in 2020 but recovered sharply in 2021. While total trade flows are now comfortably above pre-pandemic levels, trade impacts across specific goods, services and trade partners are highly diverse, creating pressures on specific sectors and supply chains ( OECDilibrary, 2022). To have a broader view of the impact of Covid-19 on trade, import and export companies are familiar examples since the reasons for decreasing in import and export was to deal with social distancing. When workers got sick or died because of the Covid-19 virus and they needed to be isolating themselves, the owner’s of those companies - firms would delay or stop producing and devoting to avoid the contagion of the Coronavirus spread. As a result, the national income fell gradually which led to the reduction of the demand for goods from foreign countries. Meanwhile, Covid-19 affected domestic production when there were an enormous amount of sick workers which created stagnation in the production of domestic goods and increased demand for imports of foreign goods (Liu et al., 2022). Furthermore, Covid-19 pandemic also has a negative impact on organizations in countries that rely on importing ever since these companies can not Western Sydney Vietnam Campus-BAS 5- Ha Noi 5 import crucial materials to make products or export goods to earn revenue. Hence, the progress of producing goods has been disturbed and resulted inefficiently due to the employees who were infected by the Coronavirus and in the pandemic era, inadequate production capability in companies has led to a downward trend in the exporting sector. Therefore, the demand for unprocessed materials and semi- finished goods has also decreased. As a consequence, a decrease witnessed in the flow of goods and a shortage of materials in countries by imports (Wang & Mo, 2022) Not only did trade and technology were affected by Covid-19, the economy could be seen as one of the most damaged aspects. Many industrialized countries are claimed to experience a decline of interest and growth rate which are expected to be caused by medium term demographic and technology development (Martins & Roeger, 2021). The fact that many people could not participate in production activities due to social distancing had negatively affected both the government and citizens in many areas. The reason could be compared with the “Domino effect”. To be specific, a huge number of factory workers could not receive money to support the daily basis and governments did not have products to export for money to pay for factories. The sharing economy would be negatively affected by Covid-19 since many people started raising awareness against each other. In the past, Covid-19 would be considered an incurable disease which led to many concerns about how to avoid contact with the virus. Citizens in some countries stopped sharing rooms with strangers and the sharing economy was facing a plunge in its interest. For instance, a study aimed for recording how people felt about Covid-19 when they shared accommodation indicated that perceived physical risk had a negative effect on people's trust. To conclude, the spread of the Covid-19 pandemic may have left various impacts on globalization's trends that had been established for the last couple years. Social distancing policies have led to a downgrade in trade as countries reduce the amount of import and export. It also had impacts on the economy with many businesses shut down which leads to citizen’s income lost. On the other hand, it opened the way for the growth of techonology via online meeting apps by being used for many purposes such as: business, education and communicating throughout the social distancing period. As a result, techonoly played a crucial part in reshaping the consumer behavior with businesses developed strategies to bring goods to customers home. Western Sydney Vietnam Campus-BAS 5- Ha Noi 6 References Angelovska, N., & Ivanovska, L. P. (2019). New e-commerce business models can boost its development: Case of north macedonia. Interdisciplinary description of complex systems, 17(4), 753–762. https://doi.org/10.7906/indecs.17.4.6 Banki, S. R. (2021). “Learning alone-a with corona”: Two challenges and four principles of tertiary teaching. Journal of research in innovative teaching & learning, 14(1), 65–74. https://doi.org/10.1108/JRIT-12-2020-0081 Çoban, B. T., & Vardar, A. K. (2021). Evaluation of distance english language teaching education during covid-19 pandemic from the perspectives of elt student teachers and their instructors. Journal of pedagogical research, 5(3), 198–220 Liu, X., Ornelas, E., Shi, H. (2022) The trade impact of the COVID-19 pandemic. https://doi.org/10.1111/twec.13279 Martins, O., Joaquim, Roeger, & Werner. (2021). How will COVID-19 affect an already fragile global economy? International economics & economic policy, 18(3), 453-455. https://link.springer.com/article/10.1007/s10368-021-00509-2 Rui Wang, & Yanying Mo. (2022). The impact of COVID-19 on global import and export trade. Review of business, 42(1), 19–40. The Organization for Economic Co-operation Development International trade during the COVID-19 pandemic: Big shifts and uncertainty (oecd.org) Tudorache, A. T. (2021). COVID-19 crisis and international trade. Two country cases. Review of international comparative management / Revista de management comparat international, 22(5), 659–669. 10.24818/RMCI.2021.5.659 Yaman, G. B., & Hocaoğlu, Ç. (2022). Zoom fatigue: A review. Current approaches in psychiatry / Psikiyatride Guncel Yaklasimlar, 14(3), 407–413. https://doi.org/10.18863/pgy.1032058 Yang, H., & Lee, H. (2022). How does the perceived physical risk of COVID-19 affect sharing economy services? Current issues in tourism, 25(7), 1046-1062. https://www.tandfonline.com/doi/full/10.1080/13683500.2022.2035700 Western Sydney Vietnam Campus-BAS 5- Ha Noi 7 Zulherman, Nuryana, Z., Pangarso, A., & Zain, F. M. (2021). Factor of Zoom Cloud Meetings: Technology adoption in the pandemic of COVID-19. International journal of evaluation and research in education, 10(3), 816–825. Western Sydney Vietnam Campus-BAS 5- Ha Noi