What different patterns can be observed in trade and investment flows following exogenous shocks (such as COVID-19), compared to endogenous shocks (such as a financial shock) to the economy?
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:
Topics
Related UKRI funded projects
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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 trade flows and proposes a solution for policymakers to make evidence-based decisions.