Abstract

Trade plays an important aspect in broadening the aperture to international merchandise and services; for instance, it allows nations to handle distress by changing suppliers when domestic or international links are disrupted. The COVID-19 pandemic's health and economic catastrophe has been a tremendous pressure for every national system, causing unparalleled distress to universal supply networks and trade associations. In nominal dollar terms, the global GDP fell by 3.3% worldwide, and trade in goods and services declined by 9.6% in 2020, ensuing in the most terrible recession since World War II. Countries that share boundaries with many other countries are predominantly susceptible to interruption in the delivery of crucial provisions due to transportation problem. The purpose of this chapter is to focus on the prevalent inequalities across all countries amidst diverse segments.

Full Text
Paper version not known

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 call

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.