The New Face of Global Trade in a Post-Pandemic World

2022 ◽  
pp. 37-53
Author(s):  
Muhammad Irfan Khan ◽  
Syed Imran Zaman
Keyword(s):  
International Trade ◽  
Empirical Evidence ◽  
Actual Data ◽  
Global Trade ◽  
Trade Theory ◽  
Goods And Services ◽  
The World ◽  
The Future ◽  
Novel Coronavirus ◽  
Do So

The COVID-19 pandemic has raised serious questions about the applicability of international trade theories. International trade has now changed its shape due to this novel coronavirus. It is a fact that no country in the world follows one trade theory. They use multiple theories for their goods and services and will continue to do so. The future of international trade theories is suspected as to which theory will be employed or any new theory of international trade will emerge. Empirical evidence illustrates the emergence of regionalization as compared to globalization. In this context, trade theories will also adjust their forms and assumptions. Therefore, this chapter reconciles international trade theories with actual data, most notably COVID-19.

Bilateral Treaties and The Most-Favored-Nation Clause: The Myth of Trade Liberalization in the Nineteenth Century

2008 ◽  
Vol 60 (2) ◽  
pp. 147-188 ◽  
Author(s):  
Olivier Accominotti ◽  
Marc Flandreau
Keyword(s):  
International Trade ◽  
Trade Liberalization ◽  
Empirical Evidence ◽  
Trade Agreement ◽  
Trade Agreements ◽  
Point Of View ◽  
Most Favored Nation ◽  
The World ◽  
Most Favored Nation Clause ◽  
Bilateral Treaties

Textbook accounts of the Anglo-French trade agreement of 1860 argue that it heralded the beginning of a liberal trading order. This alleged success holds much interest from a modern policy point of view, for it rested on bilateral negotiations and most-favored-nation clauses. With the help of new data on international trade (the RICardo database), the authors provide empirical evidence and find that the treaty and subsequent network of MFN trade agreements coincided with the end of a period of unilateral liberalization across the world. They also find that it did not contribute to expanding trade at all. This is contrary to a deeply rooted belief among economists, economic historians, and political scientists. The authors draw a number of policy lessons that run counter to the conventional wisdom and raise skepticism toward the ability of bilateralism and MFN arrangements to promote trade liberalization.

scholarly journals Masters of Wine on Twitter: presence, activity, impact and community structure

2021 ◽  
Vol 10 (1) ◽  
pp. 73-88
Author(s):  
Enrique Orduña-Malea ◽  
Cristina I. Font-Julian ◽  
José Antonio Ontalba-Ruipérez ◽  
Raúl Compés-López
Keyword(s):  
Social Media ◽  
International Trade ◽  
Community Structure ◽  
Descriptive Statistics ◽  
Wine Industry ◽  
The Internet ◽  
The World ◽  
Credible Information ◽  
Do So ◽  
The Way

Globalisation, the Internet and social media have changed the kind of actors with influence in the wine industry and the way these actors create signals to communicate credible information about experience and trust attributes. Among the most prestigious experts in the world of wine are the Masters of Wine (MW). Although initially devoted to international trade, they have spread their activities and their opinion is more and more appreciated by producers and consumers. The main objective of this article is to determine this community of experts’ behaviour on Twitter. In order to do so, four factors (presence, activity, impact and community) have been considered. All Twitter profiles belonging to users awarded with the MW qualification were identified and analysed. In addition, a set of 35,653 tweets published by the MWs were retrieved and analysed through descriptive statistics. The results show MWs on Twitter as high attractors (number of followers), moderate publishers (original contents published), moderate influencers (number of likes and retweets), and low interactors (number of friends and mentions to other users). These findings reveal that the MW community is not using Twitter to gain or reinforce their reputation as an accredited expert in the wine industry, giving more influential space on Twitter to consumers and amateurs.

scholarly journals Logística e comércio internacional da fruticultura no estado de Minas Gerais - Brasil

2019 ◽  
pp. 28-53
Author(s):  
Igor Martins Oliveira ◽  
Luiz Andrei Gonçalves Pereira
Keyword(s):  
International Trade ◽  
World Economy ◽  
International Markets ◽  
Minas Gerais ◽  
Trade Flows ◽  
The Road ◽  
Goods And Services ◽  
The World ◽  
Import And Export ◽  
Transport Logistics

Na era globalização, a economia mundial tem vivenciado um processo de reestruturação produtiva, intensificando os fluxos nos territórios inerentes às interações espaciais de recursos, de bens e de serviços que circulam entre os mercados nacionais e internacionais. O objetivo deste trabalho é analisar as dinâmicas socioespaciais dos fluxos de comércio internacional do estado de Minas Gerais por meio da logística das redes de importações e de exportações de frutas, no período de 2000 a 2017. Como resultado, identificou-se que, no mercado externo de frutas, Minas Gerais se relaciona comercialmente com 88 países, sendo 52 nas redes de exportação e 36 na rede de importação. Na operacionalização dos fluxos no comércio global, a logística de transportes foi realizada através dos modais rodoviário, marítimo e aéreo, configurando-se como um elemento geográfico, visto que as transações comerciais demandam o gerenciamento da fluidez, do planejamento e da organização dos diferentes territórios.PALAVRAS-CHAVE: Logística, Comércio Internacional, Fruticultura. ABSTRACTIn the era of globalization, the world economy has undergone a process of productive restructuring, intensifying flows in the territories inherent to the spatial interactions of resources, goods and services that circulate between national and international markets. The objective of this work is to analyze the sociospatial dynamics of the international trade flows of the state of Minas Gerais through the logistics of import and export fruit networks, from 2000 to 2017. As a result, it was identified that in the market Minas Gerais has a commercial relationship with 88 countries, 52 in export networks and 36 in the import network. In the operationalization of flows in global trade, transport logistics was carried out through the road, sea and air modalities, being configured as a geographic element, since commercial transactions demand the management of the fluidity, planning and organization of the different territories.KEYWORDS: Logistic, International Trade, Fruticulture.

scholarly journals International Trade in Goods and Services: Aspects of Monetary and Financial Relations

2020 ◽  
Vol 19 (4) ◽  
pp. 40-49
Author(s):  
E.V. Potekhina ◽  
◽  
A.D. Efremova ◽  
Keyword(s):  
International Trade ◽  
Exchange Rate ◽  
World Economy ◽  
International Division ◽  
Goods And Services ◽  
Number Of Factors ◽  
The World ◽  
The Russian Federation ◽  
National Economies

the article examines such topical problems of the world economy as the peculiarities of interaction between the subjects of the world economy, international trade, international monetary and financial relations, the role of the exchange rate for national economies. The issues of the national economy of the Russian Federation and the degree of the country’s participation in the international division of labor and its openness are considered. In this paper, using the example of Russia, the export of goods and services is analyzed, its relationship with a number of factors (exchange rate and oil price), where the main tools are methods of statistical and econometric analysis.

scholarly journals Working in the world of the pandemic

2020 ◽  
Vol 37 (3) ◽  
pp. 97-102
Author(s):  
Luke Tredinnick ◽  
Claire Laybats
Keyword(s):  
The Novel ◽  
The World ◽  
The Future ◽  
Information Professionals ◽  
Novel Coronavirus ◽  
The Way

This paper compiles a series of responses from key information professionals to the novel coronavirus pandemic of 2020. Respondents were invited to answer the questions how the pandemic has impacted on their work, and how it might change the way of working in the future. Contributors to the article include Scott Brown, Steve Dale, Denise Carter, Alison Day, Hal Kirkwood and Emily Hopkins.

scholarly journals Environmental implications of agriculture trade in Nepal

2007 ◽  
Vol 8 ◽  
pp. 30-38
Author(s):  
Krishna P. Pant
Keyword(s):  
International Trade ◽  
Environmental Protection ◽  
Natural Environment ◽  
Agricultural Development ◽  
Agricultural Products ◽  
Environmental Implications ◽  
Goods And Services ◽  
Production And Consumption ◽  
The World ◽  
Agriculture And Environment

International trade of the goods and services has implications to environment via their effects on environment on production and consumption. Agriculture being closely linked with the natural environment the trade of agricultural products and the inputs required for agriculture affects the environment. This paper attempts to identify and analyze trade issues of environmental protection that mainly falls under the purview of Agreement on Technical Barriers to Trade under the World Trade Organization. The analyses will be helpful to identify and understand trade remedy measures that protect environment required for more sustainable agricultural development. The Journal of AGRICULTURE AND ENVIRONMENT Vol. 8, 2007, pp. 30-37

On The Meaning of “Act of God”

1968 ◽  
Vol 61 (2) ◽  
pp. 175-201 ◽  
Author(s):  
Gordon D. Kaufman
Keyword(s):  
Subject Matter ◽  
The Past ◽  
Biblical History ◽  
The World ◽  
The Future ◽  
The One ◽  
Biblical Faith ◽  
Song Of Moses ◽  
Do So

The concept, “act of God,” is central to the biblical understanding of God and his relation to the world. Repeatedly we are told of the great works performed by God in behalf of his people and in execution of his own purposes in history. From the “song of Moses,” which celebrates the “glorious deeds” (Ex. 15:11) through which Yahweh secured the release of the Israelites from bondage in Egypt, to the letters of Paul, which proclaim God's great act delivering us “from the dominion of darkness” (Col. 1:13) and reconciling us with himself, we are confronted with a “God who acts.” The “mighty acts” (Ps. 145:4), the “wondrous deeds” (Ps. 40:5), the “wonderful works” (Ps. 107:21) of God are the fundamental subject-matter of biblical history, and the object of biblical faith is clearly the One who has acted repeatedly and with power in the past and may be expected to do so in the future.

scholarly journals Research Based on International Trade System and the Pursuit of Free Digital Trade

2021 ◽  
Vol 2 (4) ◽  
Author(s):  
Houqi Ji
Keyword(s):  
International Trade ◽  
Technological Change ◽  
Driving Force ◽  
The Internet ◽  
Trading System ◽  
Goods And Services ◽  
Cross Border ◽  
Data Flows ◽  
The World ◽  
International Trading

The world is witnessing the digitization of the production, exchange and consumption of goods and services in economy. The Internet and cross-border based data flows are becoming important trade channels as more products are traded online or with integrated functions that are based on digital connections. We emphasize the technical emergency element in existing international rules, which shows that technological change is a driving force for competitive regime creation and forum transformation, contributing to the process of fragmentation of the international trading system.

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