How Corona Virus Draw the New Global System
(Politically and Economically)

Mahmood Falih Khidr Asy
Banking & Financial Sciences Department
Fourth Year Student
Cihan University-Erbil

The current world order is only the result of World War II (politically and economically). After Britain was at the forefront of the international scene politically and economically before World War II, but after World War II, the United States became the leader of the international scene as well (politically and economically), World War II I drew the current world order. If we look at history, we will find that crises and wars are an effective tool that can be used by some parties to influence other parties and that all wars and fabricated crises are not without reason. An unspoken major is an economic reason. Because no matter how strong the state is politically and militarily, it is nothing without economic power, but whatever the economic power of some countries, which are the dominant countries on the global scene, it is sometimes necessary to fabricate a crisis or war to revitalize a country's economy or make it more powerful or for the sake of preserving it from collapse, and the best example of This is the October war between the Arab countries and Israel, which led to the emergence The petrodollar, from the point of view of Russian economist Professor Katasonv, means that if it were not for this war, the entire American economy would have collapsed. So we can say that (crises or wars are the lungs of the economy and the economy is the backbone of the political system), but at the present time there are two countries that dominate the world scene economically at least are the United States and China, but in recent years the cuff began to favor China, especially after If China becomes the largest creditor to the United States as well, and after China uses the exchange rate policy, it has become the most attractive environment for foreign investors, especially Americans and Europeans. So, China has become the biggest rival to the United States economically, while militarily, the two countries possess a nuclear arsenal. And because it is not possible to impose the domination of one of them militarily on the other, there was an economic war initiated by the United States to impose taxes on Chinese goods, but this trade war did not benefit the United States because the American decision-makers who are composed of the owners of capital and giant companies because they are beginning to be affected by this policy. After all that came to the crisis of Corona, which started in China and then moved to the whole world after that. At the beginning, the Chinese stock market collapsed and all the countries of the world started waiting for the economic collapse of China, but the shock was that China, after a few months, was able to regain its economic power again, and even became the main source of medical supplies for the world and Western countries in particular. The outcome of the crisis was also that The Chinese government, after the collapse of the Chinese stock market, bought the US and European companies endemic to China at a free similar cost!!

The important question is, is Corona contrived crisis? The answer is that this question cannot be answered at the present time because the scene is still dark, but the most important question is: can the Corona crisis be invested? The answer is simply yes

It can be invested because it is not actually a crisis but rather an opportunity and the best evidence for that is that China achieved profits in a short period by exporting only medical masks.

So, does the world live in a war of the fifth generation? The answer is that the one watching the scene closely knows the answer.

So, was it a regular or artificial corona crisis who benefits from it?

Answer: We cannot respond definitively now, but we can quote the following saying:

1- Mao Titong: the founder of China and the spiritual father of the Communists. He said (sacrifice a little today so that you can win a lot tomorrow)

2- Henry Kissinger: The former US Secretary of State and the godfather of American foreign policy, who said (The mission of the American diplomat is not to solve the crisis, it has prolonged it and to control its threads because the longer the crisis lasts, the more benefit will be used)

What is the international political scene after Corona?

The scene is next

1- The European Union turned out to be a cartoon federation only, and it is threatening to collapse in light of the reluctance of the traditional ally, the United States. And Chinese intervention to provide aid to European Union countries.

2- Russia intervenes to provide aid to the countries of the European Union. It is worth noting that it is in Russia’s interest to break up the European Union, and that will work hard on that.

3- The important point is after the European Union countries were looking to China as a major threat, the Chinese flag has been raised with pride in the European countries located on the Mediterranean coast, and the country of China has been seen as a compassionate friend, and the United States is seen as a cruel master.

4- The Iron Curtain can appear in European countries again, but this time it is a Chinese Curtain The world economy beyond Corona

If we can conclude that the global economy will change not in the short term but at least in the medium term, the change may take the following form:

First - The Corona crisis has led to losses for almost all economic sectors, except for electronic commerce, which has achieved very large profits during a short period, and this indicates an increase in people's appetite for shopping and concluding deals and commercial agreements via the Internet, and this indicates that traditional trade and financial transactions are on the way. For extinction and the emergence of electronic commerce and finance instead

Second - The main driver of the current global economy is paper money. Corona's crisis has increased the risk of these currencies. On the health side, they are a vector of disease, and financially, they have caused great losses due to fluctuations in the exchange rate.

Third - electronic currencies have proven to be the only currencies able to preserve their value, so they are a strong and potential alternative to banknotes for the following reasons:

1- Not affected by the exchange rate, which makes it virtually non-risk in terms of exchange rate risk

2-It can be sent and received at the same time, i.e. it does not need bank mediation, which makes it have a fundamental role in stimulating trade between countries.

3- It cannot be counterfeited, which makes it the object of trust for all countries of the world.

Fourth - The term (blockchain) or the value chain has become very widespread, and the truth is that blockchain will have a major role in the new global economy because of its advantage of maintaining members ’confidentiality as it cannot be penetrated by any means and is also highly flexible to make the desired changes in contracts. And economic deals between the contracting parties and the most important advantage is that it is also an electronic bank for electronic currencies where it can transfer and receive electronic money at the same time.

Fifth - China has proven that it is the only country that has a very flexible economy capable of dealing with crises, and that will increase its role in the new global economy, especially as the confidence of the countries of the world has increased more in the Chinese economy after the Corona crisis, as well as with its technology and very high technology,

And finally, the Chinese financial market has a lot of electronic currencies. All these reasons could qualify China to lead the new global economy.

Sixth: Regarding the Middle East, it will be the main pillar of the new global economic system, not because nothing, but because it is the most devastated region in the world as well, because this region is one of the richest regions of the world in terms of minerals, oil and gas, and the geopolitical location.

Finally, I conclude with this remark (whoever wants the future for his children should teach them the Chinese language)