By Muhammad Ijlal ;
COVID-19 outbreak is going to mark a reference point in the history of modern world. Its impact on different spheres of life is much significant to be lasting for a longer time or may be permanently. Debates are going to take a start on different post COVID-19 political and economical scenarios. Because the need for adding different features and updates in technology and economy has become inevitable in order to cope with such a possible future crisis. Which would have a significant impact on post COVID-19 politics , society and human behavior. Are these sudden changes going to be favorable for some group or entity?-let us take a look on indicators , active in present. Professor Harrari, a well known historian fears that the corona case crisis could be the tipping point of a battle that has been raging over our privacy, for when the people are given choice between privacy and health, they will usually choose health. The development of surveillance system from“over the skin” to “under the skin” is much likely to be possible in upcoming times that may lead to the predictions of human behavior and decision. “ They could not just predict our feelings but sell us anything they want-be it a product or politician”; says professor Harrari. Sharing of information inclusively at global level among may lead to the development of global surveillance system headed by the architects of international system. This would prove a tool for world players in opportunistic politics. Global economic system is gradually going towards the brink of collapse and a need for updated economic system is taking place in future. Updated economic system may include digital currency and 5G technology as resistant features to future crisis. As Bitcoin project was launched after 2008’s financial crisis. China has recently switched on the world’s largest 5G networks. Chinese telecom giant Huawei has signed over fifty commercial 5G contracts more than its closest competitors. Experts have earlier said that 5G technology along with artificial intelligence (AIs) is going to become the backbone of fourth industrial revolution. The world players have been competing over 5G technology and AIs for recent years. And here again china is leading AI rush across the globe. By the time the first report of COVID-19 pandemic started coming in, the dynamics of financial and economic processes going on in the world were largely explained by America’s trade war with china. President Erdogan has recently said that; “Viruses that have grave outcomes in the world have also been the triggers of great political , social and economic transformations. It is difficult at this time to predict the kind of future of the current world, which took shape with industrialization and the technology & information revolutions that followed is going to evolve towards”. Iran’s transformation into one of the leading centers of pandemic did not prompt Washington to attempt even a symbolic easing of its economic sanctions against Tehran. The pandemic itself has started to be perceived as an opportunity to strengthen one’s position in Geopolitical and economic competition. A number of western economists were quick to announce the end of “Chinese Era” in global manufacturing and final victory of United States in economic confrontation with China. In initial times of pandemic, United State’s secretary of commerce was optimistic about the future of US economy but now US is suffering the most. The pandemic is perceived not so much as global problem that needs to be fixed at all costs ,but as new feature in world politics that can be used to enhance your interests. As friedrich williams once said; “ A pandemic is a pandemic, war should be on schedule”. At present time, each day brings us a new evidence of how much the west and rest of world depended upon china for various supplies. Moreover the strict isolationist policies of Donald Trump , in previous times , has urged the other world countries to form new alliances other than “Weste-Centric” development paradigm. Donald Trump in 2017 had already said that the world had turned into a stage of global competition. The United state’s use of financial pressure and sanctions over past few years had also urged some governments to looks for ways to form a financial or economical system less dependent on United states. The outbreak of corona virus epidemic may be a convenient opportunity to setup a new world order. In current situations china is playing primary role in dealing with the virus across the world and west itself is seeking help from China. “At this point, the world faces something new. Most recessions have confined themselves to be one continent or tow. But globalization – particularly the rise of China , has seen trade , migration Tourism , dissolve national and even continental borders”; said The Guardian. As airlines and factories close down round the world, oil price falls to half to its peak. The recovering China is going to be first and largest beneficiary of decreased oil price. On the other hand many of US economists are feeling critical for US oil industry. “The Corona virus crash was fast and hard. The recovery will be slow and uneven”; says the Washington Post. According to the New York Times ; “in most of possible cases of upcoming economic hit, the results would be surpassing numbers during the great depression”. US stocks are seeing the worst falls since 1987, facing worse consequences than China. If crises continues for a longer time the sick economies wouldn’t be capable to recover and will seek financial assistance from the recovering China. As the West itself seeked financial assistance from china after the financial crises of 2008. Lets see what will be the upcomig picture.