International Trading Wars and Governance: The Effect of COVID-19

Fassory Sangaré

doi:doi:10.11648/j.jbed.20210602.13

| Peer-Reviewed

International Trading Wars and Governance: The Effect of COVID-19

Fassory Sangaré

Published in Journal of Business and Economic Development (Volume 6, Issue 2)

Received: 8 April 2021 Accepted: 3 May 2021 Published: 21 May 2021

Views: Downloads:

Download PDF

Share This Article

Twitter
Linked In
Facebook

Abstract

Left from China in December 2019, the COVID-19 became a pandemic causing many casualties on all continents in addition to its devastating effects on the running of the world economy. The palpable impacts of the economic crisis that erupted in the early hours of 2020 have been exceptional since the Second World War. In this straight line, we can enumerate the fall in world production, the recession of the French economy following a slowdown over one semester, the rise in unemployment in the United States (14.7%) in May 2020, a number of countries affected by the crisis and the debt service moratorium called for by African countries. This situation has necessitated the release of huge sums of money by central bankers and governments to support economic sectors. This COVID risks complicating global governance, which is already undermined by the recurrence of trade wars between Nation-States. The objective of this paper was therefore to reflect on the consequences of this crisis on world trade in particular, the trade tensions, repressions and retaliation that the pandemic will provoke. The study reviewed the theories of economic protectionism, the arguments of geopolitics and the analysis of World Trade Organization data. This descriptive approach reveals the causes of trade wars and hightlights the protagonists and the resulting negative consequences on the volume of trade in terms of supply reduction and price increases due to protectionist trends. Overall, it appears in this work that the advent of the COVID accelerates the global decline in addition to its health victims all over the world. Basically, an improvement in global governance is recommended to mitigate the devasting effects of the COVID-19 pandemic.

Published in	Journal of Business and Economic Development (Volume 6, Issue 2)
DOI	10.11648/j.jbed.20210602.13
Page(s)	73-81
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2021. Published by Science Publishing Group

Keywords

Conflicts, Trade Wars, WTO, COVID, Governance

References

[1]	Abélès M. (Dir), (2011), “From Antropologists to the WTO: scenes of world governance, CNRS Editions, Paris.
[2]	Baldwin R. & Di Mauro W. B. (2020), “Economic in the COVID Times”, CEPR PRESS, London.
[3]	Bart D. & Allen. L. (2014), “Interpretating China as a Regional and Global Power”, Palgrave Mac Millan, London.
[4]	Boniface P. (2020), “Geopolitics”, Seventh Edition, Eyrolles, Paris.
[5]	Boniface P. (2020), “Geopolitics of the COVID-19”, Editions Eyrolles, Paris.
[6]	Boylan M. B. & Mcbeath J. and Wang B. (2021), “US-China relations: Nationalism, the trade war, and COVID-19), Fudan Journal of the Humanities and Social Sciences 14 (1), 23-40.
[7]	Defraigne JC. (2019), “The geoeconomic impact of COVID-19 on the globalized economy”, in Outre-Terre 2019/2 (N ° 57).
[8]	Defraigne JC. & Nouveau P. (2017), “Introduction to European Union Economy”, Deboek, Louvain-la Neuve.
[9]	Friedman G. and Lebard M (1991), “The coming war with Japan”, Martin Press, New-York.
[10]	George Friedman and Meredith Lebard (1991), the coming war with Japan, Martin Press, New-York.
[11]	IMF (2021), “Updated Outlook for the Global Economy”.
[12]	Globalization and international trade, Cahiers Français N ° 325, Paris.
[13]	Guilhaudis JF (2017), “Contemporary international relations”, Paris, Lexisnexis.
[14]	Laidi A. (2010), “States in Economic War”, Seuil, Paris.
[15]	Lamy P. (2010), “Global Governance in thought and Action”, Autrement Edition, Paris.
[16]	Laura D. T. (1992), “Trade conflict in high technology industries”, Institute for international economics, Washington DC.
[17]	Rockoff. H (2012), “America’s economic Way of War”, Cambridge University Press.
[18]	Vedrine H. (2019), “Atlas of Crises and Conflits”, Armand Colin, Paris.
[19]	World Bank (2020), “Open Data”.
[20]	World Bank, 2020a “Projected Poverty Impacts of COVID-19”, June 19, 2020.
[21]	World Bank, 2020b “Potential responses to the COVID-19 outbreak in support of migrants workers”, June 19, 2020.
[22]	World Trade Organization (2001), “A Trade open to the future”, Geneva.
[23]	Wordl Trade Outlook (2020).

Cite This Article

Plain Text BibTeX RIS

APA Style

Fassory Sangaré. (2021). International Trading Wars and Governance: The Effect of COVID-19. Journal of Business and Economic Development, 6(2), 73-81. https://doi.org/10.11648/j.jbed.20210602.13

Copy | Download

ACS Style

Fassory Sangaré. International Trading Wars and Governance: The Effect of COVID-19. J. Bus. Econ. Dev. 2021, 6(2), 73-81. doi: 10.11648/j.jbed.20210602.13

Copy | Download

AMA Style

Fassory Sangaré. International Trading Wars and Governance: The Effect of COVID-19. J Bus Econ Dev. 2021;6(2):73-81. doi: 10.11648/j.jbed.20210602.13

Copy | Download

@article{10.11648/j.jbed.20210602.13,
  author = {Fassory Sangaré},
  title = {International Trading Wars and Governance: The Effect of COVID-19},
  journal = {Journal of Business and Economic Development},
  volume = {6},
  number = {2},
  pages = {73-81},
  doi = {10.11648/j.jbed.20210602.13},
  url = {https://doi.org/10.11648/j.jbed.20210602.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20210602.13},
  abstract = {Left from China in December 2019, the COVID-19 became a pandemic causing many casualties on all continents in addition to its devastating effects on the running of the world economy. The palpable impacts of the economic crisis that erupted in the early hours of 2020 have been exceptional since the Second World War. In this straight line, we can enumerate the fall in world production, the recession of the French economy following a slowdown over one semester, the rise in unemployment in the United States (14.7%) in May 2020, a number of countries affected by the crisis and the debt service moratorium called for by African countries. This situation has necessitated the release of huge sums of money by central bankers and governments to support economic sectors. This COVID risks complicating global governance, which is already undermined by the recurrence of trade wars between Nation-States. The objective of this paper was therefore to reflect on the consequences of this crisis on world trade in particular, the trade tensions, repressions and retaliation that the pandemic will provoke. The study reviewed the theories of economic protectionism, the arguments of geopolitics and the analysis of World Trade Organization data. This descriptive approach reveals the causes of trade wars and hightlights the protagonists and the resulting negative consequences on the volume of trade in terms of supply reduction and price increases due to protectionist trends. Overall, it appears in this work that the advent of the COVID accelerates the global decline in addition to its health victims all over the world. Basically, an improvement in global governance is recommended to mitigate the devasting effects of the COVID-19 pandemic.},
 year = {2021}
}

Copy | Download

TY  - JOUR
T1  - International Trading Wars and Governance: The Effect of COVID-19
AU  - Fassory Sangaré
Y1  - 2021/05/21
PY  - 2021
N1  - https://doi.org/10.11648/j.jbed.20210602.13
DO  - 10.11648/j.jbed.20210602.13
T2  - Journal of Business and Economic Development
JF  - Journal of Business and Economic Development
JO  - Journal of Business and Economic Development
SP  - 73
EP  - 81
PB  - Science Publishing Group
SN  - 2637-3874
UR  - https://doi.org/10.11648/j.jbed.20210602.13
AB  - Left from China in December 2019, the COVID-19 became a pandemic causing many casualties on all continents in addition to its devastating effects on the running of the world economy. The palpable impacts of the economic crisis that erupted in the early hours of 2020 have been exceptional since the Second World War. In this straight line, we can enumerate the fall in world production, the recession of the French economy following a slowdown over one semester, the rise in unemployment in the United States (14.7%) in May 2020, a number of countries affected by the crisis and the debt service moratorium called for by African countries. This situation has necessitated the release of huge sums of money by central bankers and governments to support economic sectors. This COVID risks complicating global governance, which is already undermined by the recurrence of trade wars between Nation-States. The objective of this paper was therefore to reflect on the consequences of this crisis on world trade in particular, the trade tensions, repressions and retaliation that the pandemic will provoke. The study reviewed the theories of economic protectionism, the arguments of geopolitics and the analysis of World Trade Organization data. This descriptive approach reveals the causes of trade wars and hightlights the protagonists and the resulting negative consequences on the volume of trade in terms of supply reduction and price increases due to protectionist trends. Overall, it appears in this work that the advent of the COVID accelerates the global decline in addition to its health victims all over the world. Basically, an improvement in global governance is recommended to mitigate the devasting effects of the COVID-19 pandemic.
VL  - 6
IS  - 2
ER  -

Copy | Download

Author Information

Fassory Sangaré

Faculty of Economics, University of Social Sciences and Management, Bamako, Mali

Download PDF

Sections

Plain Text BibTeX RIS

APA Style

Fassory Sangaré. (2021). International Trading Wars and Governance: The Effect of COVID-19. Journal of Business and Economic Development, 6(2), 73-81. https://doi.org/10.11648/j.jbed.20210602.13

Copy | Download

ACS Style

Fassory Sangaré. International Trading Wars and Governance: The Effect of COVID-19. J. Bus. Econ. Dev. 2021, 6(2), 73-81. doi: 10.11648/j.jbed.20210602.13

Copy | Download

AMA Style

Fassory Sangaré. International Trading Wars and Governance: The Effect of COVID-19. J Bus Econ Dev. 2021;6(2):73-81. doi: 10.11648/j.jbed.20210602.13

Copy | Download

@article{10.11648/j.jbed.20210602.13,
  author = {Fassory Sangaré},
  title = {International Trading Wars and Governance: The Effect of COVID-19},
  journal = {Journal of Business and Economic Development},
  volume = {6},
  number = {2},
  pages = {73-81},
  doi = {10.11648/j.jbed.20210602.13},
  url = {https://doi.org/10.11648/j.jbed.20210602.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20210602.13},
  abstract = {Left from China in December 2019, the COVID-19 became a pandemic causing many casualties on all continents in addition to its devastating effects on the running of the world economy. The palpable impacts of the economic crisis that erupted in the early hours of 2020 have been exceptional since the Second World War. In this straight line, we can enumerate the fall in world production, the recession of the French economy following a slowdown over one semester, the rise in unemployment in the United States (14.7%) in May 2020, a number of countries affected by the crisis and the debt service moratorium called for by African countries. This situation has necessitated the release of huge sums of money by central bankers and governments to support economic sectors. This COVID risks complicating global governance, which is already undermined by the recurrence of trade wars between Nation-States. The objective of this paper was therefore to reflect on the consequences of this crisis on world trade in particular, the trade tensions, repressions and retaliation that the pandemic will provoke. The study reviewed the theories of economic protectionism, the arguments of geopolitics and the analysis of World Trade Organization data. This descriptive approach reveals the causes of trade wars and hightlights the protagonists and the resulting negative consequences on the volume of trade in terms of supply reduction and price increases due to protectionist trends. Overall, it appears in this work that the advent of the COVID accelerates the global decline in addition to its health victims all over the world. Basically, an improvement in global governance is recommended to mitigate the devasting effects of the COVID-19 pandemic.},
 year = {2021}
}

Copy | Download

TY  - JOUR
T1  - International Trading Wars and Governance: The Effect of COVID-19
AU  - Fassory Sangaré
Y1  - 2021/05/21
PY  - 2021
N1  - https://doi.org/10.11648/j.jbed.20210602.13
DO  - 10.11648/j.jbed.20210602.13
T2  - Journal of Business and Economic Development
JF  - Journal of Business and Economic Development
JO  - Journal of Business and Economic Development
SP  - 73
EP  - 81
PB  - Science Publishing Group
SN  - 2637-3874
UR  - https://doi.org/10.11648/j.jbed.20210602.13
AB  - Left from China in December 2019, the COVID-19 became a pandemic causing many casualties on all continents in addition to its devastating effects on the running of the world economy. The palpable impacts of the economic crisis that erupted in the early hours of 2020 have been exceptional since the Second World War. In this straight line, we can enumerate the fall in world production, the recession of the French economy following a slowdown over one semester, the rise in unemployment in the United States (14.7%) in May 2020, a number of countries affected by the crisis and the debt service moratorium called for by African countries. This situation has necessitated the release of huge sums of money by central bankers and governments to support economic sectors. This COVID risks complicating global governance, which is already undermined by the recurrence of trade wars between Nation-States. The objective of this paper was therefore to reflect on the consequences of this crisis on world trade in particular, the trade tensions, repressions and retaliation that the pandemic will provoke. The study reviewed the theories of economic protectionism, the arguments of geopolitics and the analysis of World Trade Organization data. This descriptive approach reveals the causes of trade wars and hightlights the protagonists and the resulting negative consequences on the volume of trade in terms of supply reduction and price increases due to protectionist trends. Overall, it appears in this work that the advent of the COVID accelerates the global decline in addition to its health victims all over the world. Basically, an improvement in global governance is recommended to mitigate the devasting effects of the COVID-19 pandemic.
VL  - 6
IS  - 2
ER  -

Copy | Download