The European Union’s Trade and COVID-19
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,...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Center for Europe, Warsaw University
2021-01-01
|
| Series: | Studia Europejskie |
| Subjects: | |
| Online Access: | https://www.ce.uw.edu.pl/pliki/pw/4-2020-Dugiel.pdf |
| _version_ | 1818647139637526528 |
|---|---|
| author | Wanda Dugiel Magdalena Mikołajek-Gocejna |
| author_facet | Wanda Dugiel Magdalena Mikołajek-Gocejna |
| author_sort | Wanda Dugiel |
| collection | DOAJ |
| description | 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 infl ow 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 fi gures, 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. |
| first_indexed | 2024-12-17T00:57:47Z |
| format | Article |
| id | doaj.art-2cb345c77a724e2494bc2b78866d72d8 |
| institution | Directory Open Access Journal |
| issn | 1428-149X |
| language | English |
| last_indexed | 2024-12-17T00:57:47Z |
| publishDate | 2021-01-01 |
| publisher | Center for Europe, Warsaw University |
| record_format | Article |
| series | Studia Europejskie |
| spelling | doaj.art-2cb345c77a724e2494bc2b78866d72d82022-12-21T22:09:33ZengCenter for Europe, Warsaw UniversityStudia Europejskie1428-149X2021-01-01244759110.33067/SE.4.2020.4The European Union’s Trade and COVID-19Wanda Dugiel0https://orcid.org/0000-0003-1369-3523Magdalena Mikołajek-Gocejna1https://orcid.org/0000-0002-8979-2491SGH – Warsaw School of EconomicsSGH – Warsaw School of EconomicsThe 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 infl ow 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 fi gures, 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.https://www.ce.uw.edu.pl/pliki/pw/4-2020-Dugiel.pdfeuropean unioninternational tradecovid-19economic crisis |
| spellingShingle | Wanda Dugiel Magdalena Mikołajek-Gocejna The European Union’s Trade and COVID-19 Studia Europejskie european union international trade covid-19 economic crisis |
| title | The European Union’s Trade and COVID-19 |
| title_full | The European Union’s Trade and COVID-19 |
| title_fullStr | The European Union’s Trade and COVID-19 |
| title_full_unstemmed | The European Union’s Trade and COVID-19 |
| title_short | The European Union’s Trade and COVID-19 |
| title_sort | european union s trade and covid 19 |
| topic | european union international trade covid-19 economic crisis |
| url | https://www.ce.uw.edu.pl/pliki/pw/4-2020-Dugiel.pdf |
| work_keys_str_mv | AT wandadugiel theeuropeanunionstradeandcovid19 AT magdalenamikołajekgocejna theeuropeanunionstradeandcovid19 AT wandadugiel europeanunionstradeandcovid19 AT magdalenamikołajekgocejna europeanunionstradeandcovid19 |