what benefits did corona / COVID-19 have on international trade? 6-10 examples

Expert Solution

Some of the benefits that covid-19 have on international trade include

1) it open for extensive trade in some sectors especially pharmaceuticals and necessities

2) it allowed some countries to help others as a result of which the relations between them strengthened and this could even strengthen the international trade

3) mutual cooperation has been taken place especially for cases like the development of a vaccine and this is also a good sign for international trade

4) less cost efficient methods are sorted out due to close borders and sectors like software benefited a lot due to the virtual exchanges

5) reliable methods been established for mutual understanding and meetings and conferences like the virtual conferences between countries and this paved the path for more quick responses in international trade in the future

6) countries which are tourism dependent started to focus outside the the sector and this can even encourage them to develop themselves for international trade in other sectors as well

Rahul Sunny answered 1 year ago

whats the influence of corona virus Covid-19 on international shipping?

how did Covid-19's affect the international trade? 100-150 word essay

Critically evaluate the impacts of COVID- 19 on international trade and the World Trade Organization (WTO)...

Critically evaluate the impacts of COVID- 19 on international trade and the World Trade Organization (WTO) roles in handling this pandemic. The student is required to use ONE (1) country either developing or developed as an example in writing the impacts. The student needs to examine the impacts of the pandemic in terms of the good and services sectors (support by the latest data) and the roles of WTO.

write an essay about the effect of the covid 19 pandemic on the international trade

How COVID-19 has damaged international trade? Discuss in details

Impact of Corona Virus (COVID-19) on the economy?

The presence of Corona Virus Disease 2019 (COVID-19) in Malaysia, is part of the COVID-19 pandemic,...

The presence of Corona Virus Disease 2019 (COVID-19) in Malaysia, is part of the COVID-19 pandemic, was first reported in January 2020. Due to that, Malaysia Movement Control (MCO) is a cordon sanitaire implemented as a preventive measure by the federal government of Malaysia in response to the COVID-19 pandemic in the country on 18 March 2020. The order was commonly referred to in local and international media as a "lockdown". As a University student in network especially in wireless...

Give 3 reasons to support the idea that COVID-19 increases the importance of international trade.

There is much discussion about the likely structure and direction of international trade once the Covid-19...

There is much discussion about the likely structure and direction of international trade once the Covid-19 crisis is over. One view is that demand for Chinese products, and thus exports of China to the world will decline. Explain the impact of this decline on welfare (please specify whose welfare) in the context of (i.e. using the assumptions and predictions of) (a) the standard model and (b) a model where there are external economies of scale in the production of products...

Corona Virus Disease Pandemic (COVID-19) has a devastated impact on many economies of the world. COVID-19...

Corona Virus Disease Pandemic (COVID-19) has a devastated impact on many economies of the world. COVID-19 is not only a public health and medical issue but also an economic and fiscal matter. Ghana recorded the first case of the virus in March 2020, three months into the implementation of the national budget. Therefore, the cost of fighting the disease is unbudgeted for, which has created a fiscal challenge for the country. The Minister of Finance recently in a statement to...

Question