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The European Union's Trade and COVID-19
[Zeitschriftenartikel]
Abstract The article analyzes the course of the unprecedented economic crisis in the last century caused by the outbreak of the COVID-19 pandemic around the world. The COVID-19 pandemic affects all spheres of economic life, causing a huge collapse in international trade, a collapse in industrial production, ... mehr
The article analyzes the course of the unprecedented economic crisis in the last century caused by the outbreak of the COVID-19 pandemic around the world. The COVID-19 pandemic affects all spheres of economic life, causing a huge collapse in international trade, a collapse in industrial production, and a reduction in the inflow of services and foreign investments. The aim of the article is to analyze the causes and the counteraction of the European Union’s breakdown in international trade turnover in 2020. The analysis uses a qualitative and quantitative method consisting in a review of international trade figures, statistics from Eurostat, World Trade Organization, IMF, and World Bank. The analysis examines the depth of the collapse of international trade, the most important entities in trade,
including the European Union. The results of the economic analysis allow understanding the activities of the European Union institutions in the field of counteracting the negative effects of the collapse of international trade in the world and in the European Union.... weniger
Thesaurusschlagwörter
EU; Welthandel; Epidemie; Wirtschaftskrise; Wirtschaftsentwicklung
Klassifikation
Volkswirtschaftstheorie
Freie Schlagwörter
International Trade; COVID-19
Sprache Dokument
Englisch
Publikationsjahr
2020
Seitenangabe
S. 75-90
Zeitschriftentitel
Studia Europejskie - Studies in European Affairs, 24 (2020) 4
DOI
https://doi.org/10.33067/SE.4.2020.4
ISSN
1428-149X
Status
Veröffentlichungsversion; begutachtet (peer reviewed)
Lizenz
Creative Commons - Namensnennung, Nicht kommerz., Keine Bearbeitung 4.0