From isolation to revival: trade recovery amid global health crises

The COVID-19 pandemic has highlighted the importance of designing effective trade recovery measures in response to global health events (GHEs). This study combines international trade risk management theory and multi-case comparative analysis of past GHEs to present a theoretical framework for desig...

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Bibliographic Details
Published in:Globalization and health 2024-05, Vol.20 (1), p.38-38, Article 38
Main Author: Yang, Lijuan
Format: Article
Language:English
Subjects:
Case studies
China
Commerce
Commercial policy
Comparative analysis
COVID-19
COVID-19 - epidemiology
COVID-19 - prevention & control
Decision making
Disaster recovery
Economic aspects
Emergency preparedness
Epidemics
Global economy
Global Health
Global health events
Health aspects
Humans
Influenza
International Cooperation
International trade
Internationality
Management methods
Management theory
Measure design
Multi-case comparative analysis
National trade recovery
Pandemics
Public health
Qualitative research
Recovery
Respiratory diseases
Risk Management
Strategic planning
Supply chains
Trade
Trade agreements
Trade normalization
World health
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Summary:The COVID-19 pandemic has highlighted the importance of designing effective trade recovery measures in response to global health events (GHEs). This study combines international trade risk management theory and multi-case comparative analysis of past GHEs to present a theoretical framework for designing national trade recovery measures for future events. The research finds that during GHEs, trade risks shift to fundamental uncertainty, requiring spatial-temporal-subject dimension recovery measures. The study suggests changing the focus of trade recovery policy design from emergency-oriented and single-dimension measures to reserve-oriented and enduring-effect measures of comprehensive dimensions at micro- and macroeconomic levels. The study contributes to the debate on managing trade risks in times of crisis, where there is a need to develop effective trade recovery measures that account for the complexities of global trade and the unique challenges of GHEs. The findings provide practical guidance for trade officials and policymakers to design measures in response to GHEs to improve a country's overall trade recovery.
ISSN:1744-8603
1744-8603
DOI:10.1186/s12992-024-01048-6