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Effects of Globalization on Trade During the Pandemic Period

Author

Listed:
  • Anca Cristina Stanciu

    (†Ovidius†University of Constanta)

  • Adina Burghelea (CocoÈ™)

    (†Ovidius†University of Constanta)

Abstract

The pandemic caused by the new coronavirus is disrupting financial markets around the world, and imported effects on the world economy are expected as a result of crisis management measures. This pandemic causes not only a drop in demand but also a drop in supply caused by declining production, the consequences being a shortage generated by products and a rapid rise in prices. In this economic context, trade has been strongly influenced at the global level. Although the development of the e-commerce segment was on everyone's agenda, this transition to online is becoming steeper in the current context, and the big winners will be those who will be able to adapt as quickly as possible to new realities, by providing the necessary infrastructure. This paper aims to analyze some aspects of the impact of the pandemic on world trade and the influences on trade in Romania.

Suggested Citation

  • Anca Cristina Stanciu & Adina Burghelea (CocoÈ™), 2020. "Effects of Globalization on Trade During the Pandemic Period," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 226-231, August.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:1:p:226-231
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    More about this item

    Keywords

    pandemic; health; economics; trade; development;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

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