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The COVID-19 outbreak is a classic black swan event, in that it came out of the blue and the global economy will not be the same even when it fades away. The virus disrupted the intricate workings of globalization that we took for granted over the past four decades. The pandemic exposed how vulnerable the foundation of the global economy is, which was built upon the free flow of labor, capital, and goods. In addition, the world order will not be the same after this event. The global economy will