The Trade Impact of COVID-19: A Comparison of China and the European Union

Xu Ruiyu (2023) The Trade Impact of COVID-19: A Comparison of China and the European Union. Külkereskedelmi Kar.

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Absztrakt (kivonat)

Globaltrade has been greatly affected by the COVID-19 pandemic, causing disruptions insupply chains, variations in demand patterns, and changes in trade policies andregulations, which have impacted economies worldwide. This thesis will explorethe specific impacts of the pandemic on trade in two major economies, China andthe European Union (EU). By comparing the trade impact in these two regions,this thesis will contribute to better comprehending the challenges and possibilities confronting global trade based on the pandemic issue.The Covid-19outbreak was an event out of the blue, a black swan. Throughout the essay, wehave emphasised how international trade at first suffered a shock in theworld economy as a domino effect impacting differently in terms of volumelosses of trade in China and the EU. However, the countries started to reactand adopt solutions to limit the impact of the virus and to limit the impact ofgovernment measures such as restrictions on trade. Eventually, we analysedsome of the most relevant measures adopted by the Chinese government and the EU Commission to maintain their economic participation ininternational trade. In the end, we have stressed some of the features ofinternational trade in the near future: the importance for firms to providethemselves with risk mitigation strategies, but also the persistence of traderestrictions and the need to reform the WTO.

Intézmény

Budapesti Gazdasági Egyetem

Kar

Külkereskedelmi Kar

Tanszék

Nemzetközi Kapcsolatok Tanszék

Tudományterület/tudományág

NEM RÉSZLETEZETT

Szak

Nemzetközi tanulmányok (angol)

Mű típusa:	diplomadolgozat (NEM RÉSZLETEZETT)
Kulcsszavak:	China, EU, free trade, koronavírus-járvány (COVID-19), trade
SWORD Depositor:	Archive User
Felhasználói azonosító szám (ID):	Archive User
Rekord készítés dátuma:	2023. Szep. 07. 14:24
Utolsó módosítás:	2023. Szep. 07. 14:24

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