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. Faculty of International Management and Business.

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Abstract

<p dir="ltr" style="text-align:left;"></p><p><span lang="en-us" xml:lang="en-us"><span lang="en-us" xml:lang="en-us">Global trade has been greatly affected by the COVID-19 pandemic, causing disruptions in supply chains, variations in demand patterns, and changes in trade policies and regulations, which have impacted economies worldwide. This thesis will explore the specific impacts of the pandemic on trade in two major economies, China and the 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.</span><br></span></p><p><span lang="en-us" xml:lang="en-us">The Covid-19 outbreak was an event out of the blue, a black swan. Throughout the essay, we have emphasised how international trade at first suffered a shock in the world economy as a domino effect impacting differently in terms of volume losses of trade in China and the EU. However, the countries started to react and adopt solutions to limit the impact of the virus and to limit the impact of government measures such as restrictions on trade. Eventually, we analysed some of the most relevant measures adopted by the Chinese government and the EU Commission to maintain their economic participation in international trade. In the end, we have stressed some of the features of international trade in the near future: the importance for firms to provide themselves with risk mitigation strategies, but also the persistence of trade restrictions and the need to reform the WTO.</span></p><br><p></p>

Institution

Budapest Business University

Kar

Faculty of International Management and Business

Department

Nemzetközi Kapcsolatok Tanszék

Tudományterület/tudományág

UNSPECIFIED

Szak

Nemzetközi tanulmányok (angol)

Supervisors

Konzulens neve
Konzulens típusa
Assignment, Scientific qualification, Institution
Email
Dr. Gyene Pál István
Belső
főiskolai docens; Nemzetközi Kapcsolatok Tanszék; KKK
Dr. Szilágyi Judit Beáta
Külső
egyetemi adjunktus; Nemzetközi Kapcsolatok Tanszék; KKK
UNSPECIFIED

Item Type: Thesis (UNSPECIFIED)
Uncontrolled Keywords: China, EU, free trade, koronavírus-járvány (COVID-19), trade
SWORD Depositor: Archive User
Depositing User: Archive User
Date Deposited: 2023. Sep. 07. 14:24
Last Modified: 2023. Sep. 07. 14:24

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