Abstract
The article examines the features of the impact of the coronavirus pandemic on international trade in services. International trade in services is an area that is developing extremely dynamically, in particular, there is a trend of informatization of services and their virtualization. Increasingly, the provision of services is becoming cross-border and taking place in cyberspace due to the development of information and telecommunications. The current state of peculiarities of Ukraine's foreign trade relations in the sphere of services is revealed. A characteristic aspect of international trade is the extraordinary development in the context of globalization and integration processes. The problematic aspects of the impact of the coronavirus pandemic on international trade in services are highlighted. It is determined that the study of the impact of the coronavirus pandemic on international trade in services is especially relevant. It is determined that international trade in services is an area that is developing extremely dynamically, and under the influence of the coronavirus pandemic, in 2020 there was a sharp decline in international trade, the most significant decline occurred in the second quarter of 2020. Ukraine’s position on the world market as a competitive entity that needs to strengthen and improve its position on international trade in services is highlighted. Important factors that influence the development of international trade in services are described. It has been determined that trade in services can be considered a component of world trade, which is most affected by the coronavirus due to the establishment of transport and tourism restrictions, the closure of many retail outlets and hotels. It is considered how individual entrepreneurs try to continue to work in quarantine without violating it, and rise in the field of online services. It has been determined that in Ukraine, ill-considered steps by the authorities through the coronavirus could trigger a social explosion among workers in the service sector and other industries, which will have much more devastating consequences for Ukraine than a pandemic. The forecasts for the recovery of Ukraine after the COVID-19 pandemic are described.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Herald UNU. International Economic Relations And World Economy
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
