Abstract
Notwithstanding various media reports on casualties in systems due to the emergence of COVID-19, it is envisaged to have a solution. By far, this study investigates how countries’ bilateral trade relationship is distorted due to COVID-19. More so, it examines the economic and financial divergence in systems from the capital perspectives. Finally, it considers the changes in various industries that are affected directly as a result of the COVID-19 outbreak and its distortion in the business model. Employing a case study approach, we conclude that there is a distortion in the supply chain system which has effects on trade relationships. While significant capital deploying strategies were found as mitigation during the pandemics, there is an indecisive business model for the future with inordinate changes in business models during the periods of COVID-19. There is also a risk exposure in both economic decisions and business models due to the uncertain signals of COVID-19. We discuss our findings within the theoretical framework of capital allocation, information/signaling, and adoption perspectives.
Highlights
Global prosperity depends on trade which dwells basically on supply chains
It is concluded that COVID-19 is a world crisis that brought the second world’s largest economy to its knee while distracting the decision of the world’s first economy
While capital allocation theories are highly recommended, most of the COVID-19 victimized countries that are underdeveloped are finding it difficult to subsidize through capital deploying while ensuring total eradication of the cases recorded as practiced in China
Summary
Global prosperity depends on trade which dwells basically on supply chains. the supply chain has no further discussions without transportation. The world health organization has published COVID-19 as a global issue, research concern is limited in its bilateral trade relation intervention, how to overcome it, and how to prepare for the future It is against this background, and the authors want to study the boomerang effects of this outbreak in distorting the bilateral trade relationships between China and the neighboring countries and the world at large while considering the future trend and after match of COVID-19. Study the changes in various industries that are affected directly as a result of the COVID-19 outbreak (distortion in the business model) It explores the awareness, expertise, and knowledge to address the potential applicability of theories enabled to reshaping economies, countries, and the world at large in this pandemic season. Analysis and conclusion are presented at the end
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