International trade in the Covid-19 outbreak: Is the digital economy working?

Diana Lestari (), Made Setini (), Dio Caisar Darma () and Siti Amalia ()
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Diana Lestari: Department of Economics, Faculty of Economics and Business, Mulawarman University
Made Setini: Department of Management, Faculty of Economics and Business, Udayana University
Dio Caisar Darma: Department of Management, Sekolah Tinggi Ilmu Ekonomi Samarinda
Siti Amalia: Department of Economcis, Faculty of Economics and Business, Mulawarman University

International Journal of Business and Management, 2020, vol. 8, issue 2, 86-92

Abstract: This paper presents the strengthening of the digital economy which acts as a stabilizer in the trade sector during the Covid-19 outbreak. In a contactless world, most interactions between customers and employees must occur virtually. While still making exceptions to some things, operating digitally is the only way to survive restrictions on activities by the government, including in the economic sector. The instructions for switching in a digitizing pattern are nothing new, they are simply brought into sharp focus. The most recent event, the Covid-19 outbreak, has accelerated a transformation, as evidenced by the sharp strengthening in the digitizing economic sector. Based on a literature study, the conclusions explain the opportunities for the digital economy to support the trade sector which experienced inconsistencies in growth tabulations during this outbreak. Through the perspective of neoliberalism, it can be used to explain how it is related to strengthening the digital economy with the stability of international trade at macro and micro levels.

Keywords: International trade; Digital economy; Neoliberalism; Covid-19 (search for similar items in EconPapers)
JEL-codes: B22 B52 E00 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:sek:jijobm:v:8:y:2020:i:2:p:86-92

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