How can we assess the longer-term structural changes to the global trading system following a shock, including the assessment of the long-term impacts of short-term responses to COVID-19?

Background

COVID-19 has posed a major economic shock, disrupting trade flows, stretching supply chains, and challenging international organisations that uphold systems of global governance as well as broader perceptions of international openness. Beyond immediate policy responses, evidence should support long-term recovery and economic security within the global rules-based system.

Next steps

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Source

This question was published as part of the set of ARIs in this document:

DIT Areas of research interest 2020 to 2021 GOVUK

Related UKRI funded projects

  • MultiLateral Thinking - Coriolis Technologies

    **Vision** - COVID-19 will change the nature of trade and impact the UK's economic performance, trade strategy/policy and global position. WTO forecasts global trade will fall 30% due to COVID-19\. COVID-19 places unique...

    Funded by: Innovate UK

    Why might this be relevant?

    The project specifically addresses the impact of COVID-19 on the global trading system and proposes a solution for assessing these changes.

  • Data and Analytics for Real-time Trade modelling (DART)

    "**Need** - UK government wishes to support SMEs to increase trade. To assess trade and supply chain impacts of policy changes and political/economic events like Brexit, politicians, trade negotiators and businesses...

    Funded by: Innovate UK

    Why might this be relevant?

    The project focuses on providing real-time trade data for policy makers, which could be relevant for assessing the long-term impacts of short-term responses to COVID-19.

  • The Economic Linkages of Covid-19 Across Sectors and Regions in the UK

    The COVID-19 pandemic has affected different countries and regions differently both in the severity and the number of cases. Therefore, different regions within countries may require different policies to effectively add...

    Funded by: COVID

    Why might this be relevant?

    The project aims to study the socio-economic impacts of alternative policy responses to COVID-19 and assess the long-term effects on regional and sectoral levels.

  • The Economic Impacts of Post-Brexit Trade Options

    The UK's exit from the European Union presents policymakers with an unprecedented set of challenges, risks and opportunities. Perhaps nowhere are these more significant than in the decisions that the UK will have to make...

    Funded by: ESRC

  • The impact of trade policy and exchange rate shocks on trade volumes and prices in post-Brexit Britain

    How will Brexit affect the development and growth of British manufacturing firms? Britain's popular referendum vote to exit from the European Union has created a great deal of uncertainty about the future of Britain's ex...

    Funded by: ESRC

  • Going Global? Firms, Trade and Productivity After Brexit

    Brexit is the biggest change to the UK's external relations for at least a generation. Leaving the EU will lead to the introduction of new barriers to trade between the UK and the EU, while also creating opportunities fo...

    Funded by: ESRC

Similar ARIs from other organisations

International How can we decompose the drivers in trends in trade volumes and prices, split by goods/services, exports/imports and trade with the EU/others? HMT, 2024
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