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The Islamic regime in Iran may also face public backlash for its reckless response
after hiding the extent of the outbreak. Meanwhile, the governments of South Korea,

New Zealand or Taipei are praised for their quick and safe dealing with Covid-19. In the
end, all governments will be evaluated for their achievements in dealing with Corona 19.

The capitalism of the world will divide, as well. As a result of the Covid-19 pandem-

ic, global capitalism will break down into smaller parts. Of course, the process has already
been under way, just as Donald Trump’s rejection of the Trans-Pacific Partnership (TPP)

and launching a trade war against both allies and adversaries, Brexit is another example
of this trend. European and U.S. companies will encourage their important supply lines to

move from Asia to regional suppliers. The globalization project is designed for large mul-
tinational corporations by eliminating borders with the rapid movement of capital, raw

materials, assembly parts and finished products, except for labor. After joining the World
Trade Organization (WTO) in 2001, China quickly became a “factory of the world” as it

produced parts and products for multinational companies such as Europe, Japan and the
United States. Manufacturers in these countries decided that it would be advantageous

to move the entire plant to China or to procure parts from abroad and assemble them in
Korea.

Since taking office, President Trump has sought to separate the U.S. economy

from China by imposing high tariffs on Chinese goods, forcing U.S. companies to dis-
mantle and move their supply lines to China, or move them to other countries. Now, as

a result of Corona19, U.S.-based multinationals such as Apple are accelerating plans
to establish alternative supply lines outside China or move them home. In Washington,

pressure is also mounting to reduce the U.S. dependence on China for security-related
technologies such as high-tech computers and electrical equipment and expand domes-

tic production.

China is likely to reduce its dependence on the U.S. market and focus more on
customers in Africa and Asia. Beijing’s one-on-one initiative to expand trade and invest-

ment with these regions is currently in the doldrums as a result of the pandemic, but
once the Chinese plant is back in operation, it will surely be emphasized anew. As part of

this effort, China will increase the currency’s currency to trade and development agree-
ments and gradually push out the dollar and euro.

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