International Trade in the Covid-19 Outbreak: Is the Digital Economy Working?

Abstract

This paper presents the strengthening of the digital economy which acts as a stabilizer in the trade sector during the Covid-19 outbreak. In a contactless world, most interactions between customers and employees must occur virtually. While still making exceptions to some things, operating digitally is the only way to survive restrictions on activities by the government, including in the economic sector. The instructions for switching in a digitizing pattern are nothing new, they are simply brought into sharp focus. The most recent event, the Covid-19 outbreak, has accelerated a transformation, as evidenced by the sharp strengthening in the digitizing economic sector. Based on a literature study, the conclusions explain the opportunities for the digital economy to support the trade sector which experienced inconsistencies in growth tabulations during this outbreak. Through the perspective of neoliberalism, it can be used to explain how it is related to strengthening the digital economy with the stability of international trade at macro and micro levels.

Forecast of Development of the Dual-Use Industrial Products Market

“…At the same time, it should be noted that there is a high likelihood of adjusting the proposed approach due to the ongoing coronavirus pandemic (COVID-19). First of all, this is due to intensive processes in the digital sphere, which is now growing rapidly, blurring the boundaries Lestari et al (2020).…”

Macroeconomic impacts of the COVID-19 pandemic in the Czech Republic in the period of 2020-2021

“…In amount 246). Lestari et al (2020) dealt with the development of international trade in the period of COVID-19 pandemic in connection with the (non) functioning of the digital economy. The authors concluded that the strengthening of the digital economy resulting from the COVID-19 pandemic has increased the profits of digital service providers.…”