19 special and next on d w. The global corona crisis you can find more Information Online at c. W. Dot com and on t. W. Social media channels. Open borders. Open markets. And interconnected welt. But has the coronavirus and great lock down made history globalists the people that think we have to make the world wealthy at our expense i dont even. Where these people come from but those days are over. As the World Economy slumps into recession what sort of system will rise from the ashes of this crisis. Welcome to our covert 900. 00 special on d w news i want to get jones thanks for joining for years theres been a growing backlash against globalization now the virus has put the entire system at risk question is for better or worse. This shop is like a mini universe with dozens of different versions of our planet a good place to pause for thought whats happening to our world is the coronavirus killing globalisation observers say were facing 3 scenarios 1st the end of an era in an interview the french president in modern well said we have to think the unthinkable and that globalization is reaching the end of it cycle. But if there is a watershed moment in this scenario politicians and industrialists withdraw behind their borders companies localised supply chains repat treat manufacturing and stockpile supplies some leaders have been calling for nationalism for a while the future does not belong to blow believes the future belongs to patriots the future belongs to sovereign and independent nation. Some say thats nonsense they expect things to pick up where they left off in this scenario the world goes back to what it does best turbo capitalized high volume high speed trade the Intricate Networks of supplies of goods and profits have proven themselves for many traveling data transfers have never been so easy why change. From always now idea of a globalised nation is an external factor its not to blame for the virus so its hard to imagine everyone would go without the benefits of globalization just something from beyond the system to put pressure on finances prices and costs. The mental notes and some of the real keeps turning after all how can you simply divorce the world from globalization. People talk a lot about what they talk about the end of globalization and its really a buzzword that has very little practical meaning the internet financial flows the ways. Pli chains are constructed its very difficult to think of. A future where all of that is eliminated difficult yes but impossible some analysts point to a potential reshaping of globalization a new normal founded on morals and reason crisis could be the moment to push a Green Economy a little green deal weve seen how the climate can be protected and the coronavirus has shaken us out of complacency towards nature as well. In a moment where things are in flux theres a lot of uncertainty anything could happen. That window will close you know in the next 6 to 6 months to a year and then well be just back to wherever we wait and after that period so does the world see the pandemic merely as a crisis that needs to be mastered more as an opportunity the mere fact that the question is being posed shows how far the parameters of our world have shifted. From our lets bring in b. At a chick shes professor of economics at the university of oxford and chief economist at the European Bank for reconstruction and development its good to have you with us so what would you say to what extent is the pandemic bringing in the end of the Global Economic system the way we know it. The pandemic hit at the time when the Global Economic system has been under threat the World Trade Organization has been weakened the u. S. China trade more has not finished the tensions between the u. S. And china many reignite and the moment so the biggest threat to globalization is not coming from the endemic itself but rather from the policy changes that make follow that what you mention exactly the pandemic is actually in hand saying protectionism that weve seen already before however does becoming less dependent on countries like china actually make sense business sense. Well the condemn it will change the way we think about global chains in the early days of the pandemic the world sudden the it became aware of how dependent we are on china in terms of parts and components in terms of medical equipment in terms of antibiotics or ingredients for medications and i think theyre wrong will now want to move away from this concentration of suppliers to words more resilience so were going more local and of course that does not just apply for goods because globalization is not just about moving goods its also about moving people and ideas do you think theyll still be room for that in a post carona economy. Well i dont think we will necessarily go more local i think when we think about the global value changes which have been optimized for cost and which work beautiful indeed all parts of the chain work like clockwork we seen that during the condemning when various countries going to lock downs and various points in terms of system break stuff so the pendulum will switch from cost cutting to resilience will move from just in time to just in case and that means changing the geography of supply and chains building redundancies i think more than one supplier could could it be that people could actually benefit from thats because you say it worked wonderfully but globalization was harshly criticized for leaving many many people behind so is now the perfect time to take a different attitude towards work and and making a living. Well we all have been thrown into this giant experiment of remote work from one day to another i mean many people have been working very multiform part of the time but there was a lot of hesitation bosses were concerned that workers would not work hard when its home and workers were concerned that they would be passed on for pos for promotions if they dont see their boss on daily basis now many weeks into remote where 1st know whether this setup works for them or not but once you cross this psychological trench all this border into revolt work why constrain your somewhat lawful workers why a farm in london or berlin should rely on workers based in the u. K. Or germany why not hire somebody from poland or romania so current docs sickly. This shift may not be good for local workers in the best countries but it may benefit countries with the way just for skilled workers at the same time of course the pandemic has shown that an awful lot of jobs and Business Model is obsolete or certainly at risk is now the time to discuss a basic income. I think after independent make we will certainly have a conversation about the social contract what it is that we expect from the state in many countries that social contract has relied on people paying less in taxes and expecting little from the state now i think people will want this state to insure the rescue people will want this state to provide more so perhaps it will not go all the way to basic universal basic income but certainly the social contract is about to change towards more provision from the state and nationally higher taxes all right well lets lets wait and see what the post corona world has in store for us professor of our cheeks thank you so much for your time thank you monica. Time for your questions now over to a science correspondent eric williams. Thanks spent say if you eat meat from an animal carrying the virus its destroyed in the digestive tract so how does it gets into your respiratory system. In previous epidemics with coronaviruses like sars and mers transmission didnt occur through food and today there have been no confirmed cases where somebody can track that code at 19 through through eating meat so catching it that way it looks unlikely especially if the meat is cooked the assumption therefore is that the 1st person or people who caught the virus didnt get it from eating an animal host but by either being exposed via the air or to to the living breathing animal as as it shed virus or through physical contact with a dead one thats why theres been such a focus on the wet market and Rouhani Associated with the start of this outbreak live and dead animals from the wild were sold there after jumping species to us sars coast who didnt need animal hosts to spread any more it started passing from human to human. Is it true that those whove recovered from coverage 19 have made to live a down. Health authorities report that some people hospitalized for cope at 19 do have increased levels of the liver enzymes linked to liver damage some estimates say almost half of all patients could have those elevated levels but but it still isnt clear whether the rise is caused directly by the virus invading the organ or whether its a collateral effect may be caused by medications or or possibly the patients own immune response so Current Research hasnt confirmed. Direct liver damage thats unmistakably attributable to disorders of 2 and the kind of acute damage youre talking about certainly hasnt been reported in a widespread way among people who have repub or but but there are still many ongoing studies looking at how the virus affects the liver exactly and why. And you can post more questions to derek on your you tube channel to keep up hope with the latest developments on the coronavirus subscribe to our newsletter go to g. W. Dot com slash corona dash newsletter. And made famous by another catastrophic event the eruption of Mount Vesuvius in 79. 00 a. D. The ocular logical site of pompei has reopened to the public off the lockdown but visitors must comply with heightened Safety Measures no wandering as a specific route to follow foreign travelers will have to wait until into the. Port to find decent accommodation. Number of applicants for often enough. Up to 100. 00 euros per square meter. The last one of a certain 100 percent. Secure and one of the 3 becoming a scarce commodity. Made. T. W. You can enter the European Union and indeed thats what the turkish government told the refugees before the coronavirus come to. The us in the family from afghanistan and many others took it out its was. The stance of a painful judge that is still not a. Good spot in the world. In 60 minutes on t w. When the water rises cities will sink into the sea. Entire stretches of land will be abandoned. The water has to. Be stopped its happening faster than anticipated. Massive great wonders are supposed to prevent flooding but they only delay the inevitable. How will we live in the future. 66 meters rising sea levels starts to slip on g. W. And the left and yet its obvious that the private Housing Market isnt helping berlin that thats why we see expropriation is the solution and i guess its not so is that socialist housing policy and has nothing