Effects of Globalization on Trade During the Pandemic Period

Anca Cristina Stanciu () and Adina Burghelea (CocoÈ™) ()
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Anca Cristina Stanciu: †Ovidius†University of Constanta
Adina Burghelea (Cocoș): †Ovidius†University of Constanta

Ovidius University Annals, Economic Sciences Series, 2020, vol. XX, issue 1, 226-231

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.

Keywords: pandemic; health; economics; trade; development (search for similar items in EconPapers)
JEL-codes: F13 F40 F63 I15 I18 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xx:y:2020:i:1:p:226-231

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