In response to a trade shock, what innovative approaches to support data collection, dissemination and application can be taken, without burdening businesses and frontline staff?
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 directly addresses the need for innovative approaches to support data collection and dissemination in response to a trade shock.
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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 and analytics to support policymakers and businesses in response to trade shocks.
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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 partially addresses the question by studying the spatial dynamics of COVID-19 and its impact on inter-sectoral flows and supply-chain links, but does not specifically mention supporting data collection and dissemination in response to a trade shock.