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Full-Text Articles in Social and Behavioral Sciences
How A Pandemic Crisis Serves As A Predicament In Trade Merchandises?- A Global Panorama, V Yamuna Ph.D., Source Marie
How A Pandemic Crisis Serves As A Predicament In Trade Merchandises?- A Global Panorama, V Yamuna Ph.D., Source Marie
International Review of Business and Economics
Trade and commerce occupies a vital part in burgeoning of a nation’s economy, which thereby is responsible for thriving of several global merchandises. However, the current COVID-19 scenario has casted a dark spell upon the business industry and caused the rate of imports and exports to plummet drastically. Global economists predicted an 18.5 % drop in trade, on regard with the second quarter of 2020. This precipitous decline would be attributed as horrendously enormous on record concerning the history of modern trade. As every cloud has a silver lining, the experts forecasted a much lower decline which was eventually inhibited. …
The Impacts Of Covid-19 On Global Trade, T. Ponshunmugaraja Ph.D.
The Impacts Of Covid-19 On Global Trade, T. Ponshunmugaraja Ph.D.
International Review of Business and Economics
As the coronavirus emerged in china and spread, globally, authorities have acted to limit its spread. Experience with similar diseases reveals that while the human costs are significant, the bulk of the economic costs are due to the preventive behaviour of individuals and the transmission control policies of governments. Meanwhile, the dollar value of world merchandise exports in 2019 fell by 3% to US $18.89 trillion. In contrast, world commercial services trade increased in 2019, with exports in dollar terms rising by 2% to US $ 6.03 trillion. Early indications of the economic costs and the magnitude of estimated impacts …