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Information Resources Management Association
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The New Face of Global Trade in a Post-Pandemic World

The New Face of Global Trade in a Post-Pandemic World
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Author(s): Muhammad Irfan Khan (Jinnah University for Women, Pakistan) and Syed Imran Zaman (Jinnah University for Women, Pakistan)
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.ch003


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The COVID-19 pandemic has raised serious questions about the applicability of international trade theories. International trade has now changed its shape due to this novel coronavirus. It is a fact that no country in the world follows one trade theory. They use multiple theories for their goods and services and will continue to do so. The future of international trade theories is suspected as to which theory will be employed or any new theory of international trade will emerge. Empirical evidence illustrates the emergence of regionalization as compared to globalization. In this context, trade theories will also adjust their forms and assumptions. Therefore, this chapter reconciles international trade theories with actual data, most notably COVID-19.

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