Losing Your Main Trade Partner: Adapting Trade Networks Amid Commercial Blockages

Luis Miguel Bolivar () and Francisco Javier Maza-Avila ()
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Luis Miguel Bolivar: Universidad Tecnologica de Bolívar
Francisco Javier Maza-Avila: Universidad de Cartagena

Chapter 2 in Business Under Crisis, Volume II, 2022, pp 19-41 from Palgrave Macmillan

Abstract: Abstract Globalisation coexists with crises as the rise and fall of trade blocs seem to be the new normal in trade relations worldwide, for reasons such as protectionism or political conflict. Hence, entire industries have had to adapt to the constant creation and destruction of trade barriers as countries reach the extreme of losing their main trade partner. This chapter examines how industries adapt to such shocking commercial blockages by analysing the extreme case of the Colombia-Venezuela broken trade relationship. We use longitudinal social network analysis to depict the transformation of the countries’ egocentric trade network through the snapshot approach and review the manufacturing industries’ response from the Colombian side to reconfigure the country’s trade network. We then provide a set of lessons learnt.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pscchp:978-3-030-76575-0_2

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DOI: 10.1007/978-3-030-76575-0_2

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