The impact of COVID-19 on International Trade - political and economic effects in the new era of globalization
Session
Political Science
Description
Throughout history and in the 19th and 20th centuries, humanity and states faced financial crises: The Great Depression and the Financial Crisis of 2008-2009, which have had an intense impact in terms of rules and principles of trade and actors in international relations. From the end of 2019 until today, countries face the world pandemic known as COVID-19, which has impacted not only human health but also many other aspects internationally; setting rules and restrictions by the World Health Organization (WHO) regarding the movement of people and trade; in the decline of the volume and value of international trade in goods and services; production reductions by manufacturing companies; restriction of transport services; as well as a substantial decline in passenger airlines and air transport companies; limiting even the executive power of states in some cases. This research aims to highlight the impact that the pandemic has had in terms of international trade and the perspective of states' role in establishing rules and principles regarding the international political economy, especially in the new era of globalization, taking as a case study the states of North Macedonia, Albania, and Kosovo.
Keywords:
COVID-19; International political economy; Globalization; International relations; State
Session Chair
Ridvan Peshkopia
Session Co-Chair
Dritëro Arifi
Proceedings Editor
Edmond Hajrizi
ISBN
978-9951-437-96-7
Location
Lipjan, Kosovo
Start Date
31-10-2020 1:00 PM
End Date
31-10-2020 2:20 PM
DOI
10.33107/ubt-ic.2020.470
Recommended Citation
Çupi, Xhemail and Muça, Fisnik, "The impact of COVID-19 on International Trade - political and economic effects in the new era of globalization" (2020). UBT International Conference. 212.
https://knowledgecenter.ubt-uni.net/conference/2020/all_events/212
The impact of COVID-19 on International Trade - political and economic effects in the new era of globalization
Lipjan, Kosovo
Throughout history and in the 19th and 20th centuries, humanity and states faced financial crises: The Great Depression and the Financial Crisis of 2008-2009, which have had an intense impact in terms of rules and principles of trade and actors in international relations. From the end of 2019 until today, countries face the world pandemic known as COVID-19, which has impacted not only human health but also many other aspects internationally; setting rules and restrictions by the World Health Organization (WHO) regarding the movement of people and trade; in the decline of the volume and value of international trade in goods and services; production reductions by manufacturing companies; restriction of transport services; as well as a substantial decline in passenger airlines and air transport companies; limiting even the executive power of states in some cases. This research aims to highlight the impact that the pandemic has had in terms of international trade and the perspective of states' role in establishing rules and principles regarding the international political economy, especially in the new era of globalization, taking as a case study the states of North Macedonia, Albania, and Kosovo.