Download or read book The Early Effects of the COVID 19 Pandemic on International Trade and the World Economy written by Tardzenyuy Achileus and published by GRIN Verlag. This book was released on 2023-08-21 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2021 in the subject Economics - International Economic Relations, , language: English, abstract: This text discusses the impacts of the COVID-19 pandemic on international trade and the world economy, focussing both on importing and exporting countries. First, the paper gives an overview of the general global impact of the pandemic, before discussing the economic effects on international trade. It then addresses an increase in trade costs and a decrease in productivity, as well as the impact travel restrictions had on the economy. The next part focusses on importing and exporting countries and lists the effects the pandemic and its restrictions had on both groups, respectively. In the final part, the paper elaborates on other ways in which COVID-19 has had an impact on the world economy, such as the loss of jobs because of business closures, therefore increased poverty and, as a consequence thereof, reduced purchasing power in the population. The coronavirus causes coronavirus disease 2019 (COVID-19). The World Health Organization (WHO) recognized the pandemic on 11 March 2020. According to the WHO website, as of 16 May 2020, more than 300,000 deaths from COVID-19 have been reported worldwide. To slow the spread of the coronavirus, many countries have imposed some form of restriction on people and businesses. Several countries have declared citywide or nationwide lockdowns. Also, many countries have imposed an entry ban on foreigners. Such restrictions have seriously harmed the world economy. For example, China’s economy shrank by 6.8% in the first quarter of 2020. This decrease is the first contraction since 1992, when China began releasing its GDP data. According to the World Economic Outlook, April 2020 by the International Monetary Fund (IMF), the global economy is projected to sharply contract by –3% in 2020.

Download or read book Industry 4 0 and Global Businesses written by Enis Yakut and published by Emerald Group Publishing. This book was released on 2022-01-21 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: Industry 4.0 and Global Businesses: A Multidisciplinary Investigation provides a multidisciplinary perspective on the transformative effects of Industry 4.0 by aggregating original theoretical, conceptual, and empirical research.

Download or read book The Effects of Covid 19 on International Trade written by Tardzenyuy Achileus and published by Independently Published. This book was released on 2023-03-04 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to provide early evidence for the effects of the coronavirus pandemic on international trade. This coronavirus causes coronavirus disease 2019 (COVID-19). The World Health Organization (WHO) recognized the pandemic on 11 March 2020. According to the WHO website, as of 16 May 2020, more than 300,000 deaths from COVID-19 have been reported worldwide. To slow the spread of the coronavirus, many countries have imposed some form of restriction on people and businesses. Several countries have declared citywide or nationwide lockdowns. Also, many countries have imposed an entry ban on foreigners. Such restrictions have seriously harmed the world economy. For example, China's economy shrank by 6.8% in the first quarter of 2020. This decrease is the first contraction since 1992 when China began releasing its GDP data. According to the World Economic Outlook, April 2020 by the International Monetary Fund (IMF), the global economy is projected to sharply contract by -3% in 2020.

Download or read book Interrupting International Trade written by Randolf Jacob Montoya and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Humans are presently dealing with a pandemic known as COVID-19, a highly contagious pandemic with a global health crisis that has never been seen before. This crisis has significantly impacted communications, employment, production, commerce, consumption, and human existence. With the new economic policies, travel restrictions, and border closures, the disruptions in the international transport sector resulted in a dramatic increase in trade costs. It refers to significantly affecting global commerce in the first quarter of 2020. This paper employs an analytical methodology that aggregates, accumulates, and categorizes domestic and international reports pertinent to the COVID-19 pandemic, government policies, the degree of economic policy uncertainty, and its impact on trade costs. In the present study, we first described in detail the travel restriction measures taken by World Trade Organization members, then the effect of the COVID-19 pandemic on trade costs, then the government pandemic response policies in the early stages of the COVID-19 pandemic, and finally the impact of the significantly increased trade costs on global trade and their underlying causes. This paper collected and categorized domestic and international reports on the COVID-19 pandemic through WTO and member country reports using an integrated analysis approach.

Download or read book The Effects of COVID 19 on the Global and Domestic Economy written by Magnus Strömberg and published by Nova Snova. This book was released on 2021-08-03 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the year since the COVID-19 outbreak was first diagnosed, it has spread to over 200 countries and all U.S. states. The pandemic has negatively affected global economic growth beyond anything experienced in nearly a century. Estimates so far indicate the virus reduced global economic growth to an annualized rate of -4.5% to -6.0% in 2020, with a partial recovery of 2.5% to 5.2% projected for 2021. Global trade is estimated to have fallen by 5.3% in 2020, but is projected to grow by 8.0% in 2021. The full economic impact of the pandemic likely will remain unclear until the negative health effects peak. This book provides an overview of the global and domestic economic costs to date and the response by governments and international institutions to address these effects.

Download or read book The First 100 Days of Covid 19 written by Aleksandar Stojanović and published by Springer Nature. This book was released on 2023-04-25 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a novel in-depth study of the early pandemic response policy at the intersection of political economy and law. It explores: (1) whether the responses to COVID-19 were democratically accountable; (2) the ways in which new surveillance and enforcement techniques were adopted; (3) the new monetary and fiscal policies which were implemented; (4) the ways in which employed and unemployed persons were differently impacted by the new policies; and (5) how companies were economically sustained through the pandemic. A compelling look at what happens to societies when disaster strikes, this book will be of interest to legal scholars, political scientists and economists.

Download or read book New Normal and New Rules in International Trade Economics and Marketing written by Candy Lim CHIU and published by Peter Lang D. This book was released on 2021-09-08 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the increase in urbanization after the Industrial Revolution, success in local governance and balanced regional development has become even more important for the increase of overall welfare.

Download or read book The Global Trade Slowdown written by Cristina Constantinescu and published by International Monetary Fund. This book was released on 2015-01-21 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error correction model to assess whether the global trade slowdown is structural or cyclical. An estimate of the relationship between trade and income in the past four decades reveals that the long-term trade elasticity rose sharply in the 1990s, but declined significantly in the 2000s even before the global financial crisis. These results suggest that trade is growing slowly not only because of slow growth of Gross Domestic Product (GDP), but also because of a structural change in the trade-GDP relationship in recent years. The available evidence suggests that the explanation may lie in the slowing pace of international vertical specialization rather than increasing protection or the changing composition of trade and GDP.

Download or read book Impact of Infodemic on Organizational Performance written by Bari, Muhammad Waseem and published by IGI Global. This book was released on 2021-06-25 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: COVID-19 is not the only global challenge that the world is facing these days. The infodemic, based on the pandemic (COVID-19), is another serious challenge for the world at this time. Each flare-up is joined with a large volume of data and information; however, this data can be based on deception, gossip, rumors, and more. Misinformation not only impacts the human body negatively but also impacts mental health. The infodemic has an impact on human health and professional performance, but also leaks into business organizations in terms of financial matters, employees' psychological and physical health, employee performance, and the organization’s performance. The misinformation regarding health issues can disturb business organizations and affect the employees, organizations’ market share and financial matters, future firing and hiring policies of the organizations, and international operations of the companies. Though the COVID-19 pandemic may be over in time, the impact of the relevant infodemic will continue to disrupt business organizations for several years into the future. Impact of Infodemic on Organizational Performance highlights the impact of the infodemic due to the pandemic (COVID-19) in organizations’ performance and enhances the understanding of how the infodemic can and has negatively impacted employees as well as organizational performance. This is supplemented by a view of how organizations are tackling the infodemic and how business organizations can recover from the lasting negative impacts. This book highlights essential topics such as social media, knowledge management, business environments, business strategies, employee behavior, and mental health. The target audience includes but is not limited to managers, executives, human resource development, counselors, analysts, business organizations, practitioners, researchers, academicians, and students who are interested in the impacts of the infodemic on businesses and their employees and the relevant strategies to combat the effects.

Download or read book Challenges in Economic Policy Business and Management in the COVID 19 Era written by Anna Ujwary-Gil and published by INE PAN. This book was released on 2022-01-01 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic has made it necessary to redefine the most significant challenges faced by individual economies and society today. It contributed to the change of contemporary social, technological and economic trends, the effects of which will indeed be the subject of many scientific studies in the coming years. As the pandemic progresses, it promotes reflection and summaries of the consequences of behaviors or omissions in each country. One of them is a synthetic presentation of ten lessons from the pandemic (Gorynia, 2021), which the professor accurately diagnoses in the economic context: 1) the pandemic as a non-economic (sanitary-medical) shock that caused the economic, social and political crisis; 2) the pandemic as a "black swan", an unpredictable threat of high species gravity, but requiring anticipation to minimize its harmful effects in the future; 3) determining the causes of the appearance of the virus determines different preventive actions for future threats; 4) resilience as the foundation of long-term economic efficiency; 5) the set of measures to counteract the harmful effects of a pandemic should not be unified but adapted to the specificity of the facilities it is to affect; 6) the world economy as a system of vessels connected with its positive and negative consequences; 7) the pandemic highlighted the role of coordination of international cooperation; the shortcomings of globalization must be overcome by fairly sharing the positive fruits of international cooperation and resilience aimed at diversifying supplies; 8) economic policy pursued by individual states with a view to preventing the effects of the economic crisis caused by a pandemic cannot be voluntary; 9) the pandemic has sharpened the perception of the shortcomings of contemporary economic, social and political systems and prompts the questioning of certain pillars of the market economy (e.g., homo oeconomicus, individual and global rationality, private and state property, canons of monetary, fiscal, budgetary or industrial policy); 10) the pandemic increases the pressure on systemic and holistic thinking taking into account green economic development, saving energy, water and other resources, using renewable energy sources, avoiding wastage of resources, paying attention to social inequalities in the world, regions and countries, solving poverty problems, and social exclusion. This monograph is partially a response to the in-depth issues covered in these lessons. The authors of individual chapters challenge contemporary topics relating to ​​the COVID-19 pandemic, industry and inter-organizational cooperation, pro-environmental, resilient, and innovative organizations. The monograph consists of three parts. The first part (PART 1) covers an overview of very recent research, considering the impact of COVID-19 on the economy, industries, and business. The article by Anna Ujwara-Gil and Bianka Godlewska-Dzioboń deals with, among others, the issues relating to pandemic impacts on the slowdown in the functioning of the construction, electric automotive, and water industries. Also, it affects the tourist industry, where countries are starting to pay attention to the resource-saving green economy and problems of professional exclusion in the pandemic era. In another article, Maria Czech refers to the influence of public debt on the volatility of spreads during the COVID-19 pandemic. This research is part of the study on the use of sovereign credit default swap spreads to assess a country's credit risk, which may be distorted in a pandemic period. It is undisputed that the COVID-19 pandemic has a global dimension. The crisis resulting from disorders such as in value chains has caused industry to slow down. The Czech luxury fashion industry is no exception. As Radka MacGregor Pelikánová points out, COVID-19 has turned out to be a threat to its development.. Leading Czech luxury fashion companies withdrew to a passive role and felt the negative consequences of the pandemic. As the Author points out, few have engaged in corporate social responsibility and showed ingenuity, which increases their chances of survival in the future. In other studies, Tereza Horáková and Kateřina Maršíková identified factors influencing the environment of effective knowledge exchange in SMEs, which in the era of hybrid work during COVID-19, is particularly important. The second part of the monograph (PART 2) includes two studies on the photovoltaic cell industry in China from the perspective of comparative and intra-industry advantage. As a significant player in the global trade scene and various value chains, China is a fascinating subject of research undertaken by Paweł Brusilo and Bogusława Drelich-Skulska. The results of the first article demonstrate the success of the Chinese industry in terms of growth potential, competitiveness, and development opportunities thanks to effective state support and favorable market forces. As the authors point out, the Chinese solar cell industry has not been studied so far in the context of comparative advantage and the new structural economy. The results show the way for other countries to consider or develop innovative industries, such as renewable energy and solar energy. In the second article, Paweł Brusilo examines the topic of the Belt and Road Initiative in the context of the Chinese photovoltaic cell industry, energy transition policy, identification of modern intra-industry trade patterns and opportunities for this industry, which is characterized by significant state interventionism. The considerations in this article may inspire EU countries to deepen economic and trade cooperation in the export and import of solar cells with China. On the other hand, Joanna Kurowska-Pysz has undertaken the analysis of the cooperation conditions within the innovative processes of representatives of science, business, the legislative, and economic environment cooperating on the capital market. The Author focused on the motivators, barriers, but also the search for an effective form of development of intersectoral cooperation enabling the exchange of knowledge and experience, learning, including the flow of personnel between sectors, joint organization of conferences, seminars, training, and implementation of research projects constituting the basis of innovative processes, or the diagnosis of network relationships. The model proposed by the Author will surely inspire other researchers. The third part of the monograph (PART 3) includes articles referring, inter alia, to the pro-environmental organizational culture of enterprises. Katarzyna Piwowar-Sulej, as an advocate of this valuable orientation today, has shown that organizations are interested in developing pro-ecological behavior and are aware of their impact on the natural environment. The article is in line with the global trend focused on the sustainable, ecological, and green economy enterprises operating in this trend, not only because of COVID-19. Taking action to develop a pro-ecological organizational culture, taking care of the natural environment is not only a moral and ethical requirement but also an obligation for the future generation. This part also includes an article by Piotr Tomszys and Bartosz Grucza, who present an inspiring model of organizational resilience and an attempt to operationalize it. The organizational resilience model proposed by the Authors is in line with the growing interest in the analyzes and measurement of the enterprises' resilience. The conceptualization and measurement of economic resilience can inspire other researchers to further research in this area. The COVID-19 pandemic, as an unpredictable and destructive shock, might be a unique opportunity to verify the developed model, as the authors point out. The last article deals with the issue of innovative management and its measurement based on a proprietary tool developed by Magdalena Gorzelany-Dziadkowiec. The considerations undertaken by the Author are a reliable starting point for further research concerning the impact of COVID-19 on the organization's functioning, the development of innovative management, changes in work processes, and interpersonal relations in the era of increasingly dominant digital technology and skills to use it. The editors profoundly thank all the Authors for their valuable contribution to this monograph and cooperation in its co-creation. We address our grateful thanks to all the Reviewers for their insightful evaluation and high standards of their work. These special thanks go to (in alphabetical order) Barbara Błaszczyk Institute of Economics, Polish Academy of Sciences; Justyna Bugaj, Jagiellonian University; Anna Fornalczyk, COMPER Fornalczyk and Wspólnicy; Marta Gancarczyk, Jagiellonian University; Anna Maria Lis, Gdańsk University of Technology; Andrzej Lis, Nicolaus Copernicus University; Mieczysław Morawski, Warsaw University of Technology; Paweł Pisany, Institute of Economics, Polish Academy of Sciences; Natalia R. Potoczek, Institute of Economics, Polish Academy of Sciences. We also thank Paweł Japoł for his thorough proofreading of this monograph.

Download or read book Development of World Trade in the Context of the COVID 19 Pandemic written by Jakub Horák and published by Springer Nature. This book was released on 2023-05-02 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the development of world trade during the COVID-19 pandemic, also taking international trade between the Czech Republic and the Russian Federation into account as a case study. Using an advanced method of artificial neural networks, it evaluates a long time series and predicts the development of trade between the two countries. The book further analyzes the specifications of export items on both sides and the dependence of the Czech Republic on Russia in terms of raw materials, which is not sustainable. It discusses the need for a political and business consensus, as well as a long-term investment plan to address this issue. Finally, it sheds light on the Czech companies actively operating in Russia, especially in the engineering, automotive, energy, and food industry. The book predicts the future bilateral trade relations between the two countries and the expected decrease in the demand on the side of Russian customers. The book will appeal to students, scholars, and researchers of economics and finance in general, macro- and microeconomics, statistics, and trade analytics in particular, as well as professionals and international trade companies interested in a better understanding of world trade developments and the future trade scenarios between the Czech Republic and Russia.

Download or read book THE IMPACT OF THE COVID 19 PANDEMIC ON THE GLOBAL ECONOMY written by Pooyan Ghamari and published by Pooyan Ghamari. This book was released on 2023-03-13 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Impact of Covid-19 Pandemic on the Global Economy" by Pooyan Ghamari is an e-book that covers various aspects of the economic impact of the pandemic. The book consists of 15 chapters, including an introduction and a conclusion. Chapter 2 discusses the effects of the Covid-19 pandemic on developing countries, including the challenges they face in responding to the pandemic and the potential long-term economic consequences. Chapter 3 focuses on the role of international organizations, such as the World Health Organization and the International Monetary Fund, in responding to the pandemic and mitigating its economic impact. Chapters 4 to 9 examine the economic impact of the pandemic on specific countries and industries, including Brazil, India, the tourism industry, global trade, healthcare systems, and the labor market. Chapter 10 discusses how technology has played a role in mitigating the pandemic's impact on economies and countries worldwide. Chapter 11 analyzes the effectiveness of public health policies implemented to mitigate the spread of Covid-19 and their impact on the economy. Chapter 12 looks at the effect of the pandemic on small businesses and the support they require to recover. Chapter 13 compares the response of different governments worldwide to the pandemic and their effectiveness. Chapter 14 discusses the effect of the pandemic on mental health and its potential long-term consequences. Chapter 15 concludes the e-book by summarizing the key findings and providing recommendations for future research. It also explores potential investment opportunities arising from the pandemic, such as in healthcare or technology. Overall, "The Impact of Covid-19 Pandemic on the Global Economy" provides a comprehensive overview of the pandemic's economic impact, covering a wide range of topics and countries. It also provides insights into the lessons learned from the pandemic and how to prepare for similar global crises in the future.

Download or read book Globalization and Health written by Ronald Labonté and published by Routledge. This book was released on 2009-05-07 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contemporary globalization has had tremendous impact on health equity across the globe. However, no volume has systematically analyzed the relationship between globalization and global trends in health outcomes. This book consolidates and updates the findings of a global research project undertaken by the Globalisation Knowledge Network (GKN) of the World Health Organization’s Commission on Social Determinants of Health. Chapters examine such questions as: How has trade liberalisation affected the social determinants of health? How has globalization affected food security, nutrition and equitable access to water and sanitation? How well do present global governance structures take account of the health equity effects associated with the social determinants of health? This landmark volume will be a necessary addition for researchers and scholars studying the field of globalization, health and social policy, and public health across the social sciences.

Download or read book Covid 19 and the Global Political Economy written by Tim Di Muzio and published by Taylor & Francis. This book was released on 2022-09-26 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covid-19 and the Global Political Economy investigates and explores how far and in what ways the Covid-19 pandemic is challenging, restructuring, and perhaps remaking aspects of the global political economy. Since the 1970s, neoliberal capitalism has been the guiding principle of global development: fiscal discipline, privatisations, deregulation, the liberalisation of trade and investment regimes, and lower corporate and wealth taxation. But, after Covid-19, will these trends continue, particularly when states are continuing to struggle with overcoming the pandemic and violating one of neoliberalism’s key principles: balanced budgets? The pandemic has exposed the fragility of the global political economy, and it can be argued that the intensification of global trade, tourism, and finance over the past 30 years has facilitated the spread of infectious diseases such as Covid-19. Therefore, economies in lockdown, jittery markets, and massive government spending have sparked interest in potentially re-evaluating certain features of the global political economy. This volume brings together leading and upcoming critical scholars in international relations and international political economy to provide novel, timely, and innovative research on how the Covid-19 pandemic is impacting (and will continue to impact) the global economy in important dimensions, including state fiscal policy, monetary policy, the accumulation of debt, health and social reproduction, and the future of austerity and the fate of neoliberalism. This book will be of great interest to students, scholars, and experts in international relations and international political economy, as well as history, anthropology, political science, sociology, cultural studies, economics, development studies, and human geography. Chapter 8 of this book is freely available as a downloadable Open Access PDF at http://www.taylorfrancis.com under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 4.0 license.

Download or read book Impact Of Covid 19 Crisis On The Global Economy And Other Sectors Worldwide written by Dr. Prita D. Mallya and published by Idea Publishing. This book was released on 2020-06-08 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book highlights the impacts of COVID-19 on the global economy, at a time when the world economy has experienced large demand and supply shocks. To limit the transmission of the corona virus, all governments shut down production, restricted movement of people, etc, which led to severe curtailment in demand, and disruptions in supply chains all over the world. The COVID-19 pandemic has dragged the world economy into an abrupt and unforeseen recession. According to IMF estimates, world GDP will fall by over 3 percent due to the outbreak of this pandemic - the steepest slowdown since the Great Depression of the 1930s. The ILO has predicted a loss of about 25 million jobs due to this pandemic. Emerging markets will lose at least 2.4 percent of their GDP in 2020 alone. Loss in global travel revenue due to COVID-19 is estimated at USD 810.7 billion. Financial markets have been badly hit and about USD 83 million has been pulled out of developing markets since the outbreak of COVID-19. The list of sectors impacted by the COVID-19 outbreak, is endless All governments have announced stimulus packages comprising a mix of fiscal and monetary measures, but it is difficult to predict how quickly businesses will respond to these measures. The papers in this book, which are the proceedings of an online global conference, have attempted to analyze and summarize the thoughts of academicians on these vexed issues.

Download or read book Business Impacts of COVID 19 written by Tomasz Bernat and published by Taylor & Francis. This book was released on 2023-07-21 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: The coronavirus disease (COVID-19) pandemic has caused serious disruptions to the economy and business activities. The COVID-19 crisis has also exposed important weaknesses in business and supply chains. It pointed to specific sectors of the economy, primarily related to services, that suffered the most. On the other hand, it has highlighted the great flexibility of the activities of entrepreneurs in their attempts to fight the crisis. The role of government has also been important in tackling this pandemic crisis to contain the epidemic and adopt activities to help entrepreneurs who were most affected by the crisis. Numerous national aid and recovery packages have been announced to support businesses and workers. At the same time, financial decisions were made at the international level, resulting in the mobilization of huge funds that were intended to support the functioning of enterprises. This book shares observations and conclusions from contemporary research and analyses, as well as from personal experiences in creating and implementing anti-crisis solutions in economies and enterprises caused by the COVID-19 pandemic on the economy and its entities. It will be of interest to researchers, academics, policymakers, and students in the fields of international business, economics, crisis management, and entrepreneurship.

Download or read book The Effects of the Coronavirus Disease COVID 19 Pandemic on International Trade and Logistics written by and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: