Globalization and Trade in the Post-Covid World

Abstract

The COVID-19 pandemic brought an extraordinary disturbance regarding the worldwide economy and global trade, as creation and utilization downsized. Perhaps the best methodology for addressing this type of emergency is convenient, unspoiled information. An informed public is better established to use wise judgment including on cases recognized for trade. This is the situation, and a devoted page at WTO site has been created. This will provide present data related with trade information. The chapter discusses rising protectionism in course of the last half period, unexpected monetary crises created by the pandemic, disturbances regarding production network movement, and shocks related to market interest. Reporters worldwide have trumpeted the 'finish' of globalization.

Key Terms in this Chapter

SSA: Sub-Saharan Africa.

SA: South Asia.

MENA: Middle East and North Africa.

Economic Growth: Increase in the production of economic goods and services, compared from one period of time to another.

EA: East Asian Economies.