Impact of COVID-19 on International Trade: New Evidence From Economic Sectors

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Author(s): Reenu Kumari (Meerut Institute of Engineering and Technology, Meerut, India)and Ashwani Sharma (Meerut Institute of Engineering and Technology, Meerut, India)
Copyright: 2023
Pages: 17
Source title: Research Anthology on Macroeconomics and the Achievement of Global Stability
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-6684-7460-0.ch070

Keywords: Business & Management / Business Science Reference / Economics & Economic Theory / Economics and Economic Theory

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Abstract

All the countries are facing serious problems affecting their economic growth. In 2020, many countries faced negative GDP per capita growth due to the coronavirus pandemic. Therefore, this chapter investigates how coronavirus (COVID-19) affected international trade (IT) and how this changed over time. Secondly, the authors analyzed how international trade collapsed. Thirdly, the chapter highlights the negative effects of COVID-19 on international trade including economic sectors. Furthermore, it discussed the opportunities and forthcoming policies and what kinds of actions have been taken by the government bodies.

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Impact of COVID-19 on International Trade: New Evidence From Economic Sectors

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