Editorial: Impact of Covid 19 on Trade, FDI, Real Exchange Rate and Era of Digitalization: Brief Review Global Economy During Pandemic
Downloads
The COVID-19 pandemic has not only triggered an unprecedented global health crisis but also a global economic, trade and investment crisis. Global Trade in merchandise fall from 12% to 32% in 2020. FDI flows are projected to fall further by 30% to 40% in 2020-202. The decline in trade is a reflection, instead of a cause, of the economic contraction that occurred, caused by rising trade costs - from disruptions in transportation, logistics and supply chains, as well as trade restrictions. At the same time, the COVID-19 pandemic is driving an overall digital transition in society and industry. Since June 2020, there has been increasing trend in social media and other apps, it rose by 38 percent while streaming video increased to 35 percent. A significant increase was in the use of conference tools during the COVID-19 pandemic and it will have an impact on improving technology infrastructure.
Keywords: Pandemic COVID-19, Trade in Merchandise, FDI, Exchange Rate and Digitalization
Barro, R. J., Weng, J., & José, U. F. (2020). The Coronavirus and the Great Influenza Pandemic: Lessons from the "Spanish Flu” for the Coronavirus's Potential Effects on Mortality and Economic Activity. CESifo Working Paper Series. Retrieved from http://www.nber.org/papers/w26866%0A
De', R., Pandey, N., & Pal, A. (2020). Impact of digital surge during Covid-19 pandemic: A viewpoint on research and practice. International Journal of Information Management, 55. https://doi.org/10.1016/j.ijinfomgt.2020.102171
ECLAC. (2020). The effects of the coronavirus disease (COVID-19) pandemic on international trade and logistics. Retrieved from https://www.cepal.org/en/publications/45878-effects-coronavirus-disease-covid-19-pandemic-international-trade-and-logistics
Felsenthal, M. (2020). COVID-19 to Plunge Global Economy into Worst Recession since World War II. The World Bank. Retrieved from https://www.worldbank.org/en/news/press-release/2020/06/08/covid-19-to-plunge-global-economy-into-worst-recession-since-world-war-ii
G20. (2020). COVID-19 Crisis : Implications for Trade and Investment. Retrieved from https://g20.org/en/media/Documents/G20_TIWG_Implications of COVID-19 for Trade and Investment_June 2020.pdf
Georgieva, K. (2020). The Great Lockdown: Worst Economic Downturn Since the Great Depression. International Monetary Fund.
Golinelli, D., Boetto, E., Carullo, G., Nuzzolese, A. G., Landini, M. P., & Fantini, M. P. (2020). How the COVID-19 pandemic favored the adoption of digital technologies in healthcare: a systematic review of early scientific literature (Preprint). Journal of Medical Internet Research. https://doi.org/10.2196/22280
IMF. (2020a). World Economic Outlook, April 2020: The Great Lockdown. World Economic Outlook. Retrieved from https://www.imf.org/en/Publications/WEO/Issues/2020/04/14/weo-april-2020
IMF. (2020b). World Economic Outlook Update June 2020 : A crisis like no other, an uncertain recovery. International Monetary Fund. Retrieved from https://www.imf.org/en/Publications/WEO/Issues/2020/06/24/WEOUpdateJune2020/
Khetarpal, S. (2020). Post-COVID, 75% of 4.5 lakh TCS employees to permanently work from home by '25; from 20%. Business Today.
Liao, G., & Zhang, T. (2020). Currency hedging, exchange rate movement, and dollar swap line usage during the Covid-19 pandemic. Retrieved from https://voxeu.org/article/currency-hedging-exchange-rate-movement-and-dollar-swap-line-usage-during-covid-19
OECD. (2020). The impact of the coronavirus (COVID-19) crisis on development finance. Tackling Coronavirus (COVID"‘19) Contributing to a Global Effort, 100(6), 468–470.
Park, C.-Y., Rosenkranz, P., & Tayag, M. C. (2020). COVID-19 Exposes Asian Banks' Vulnerability to US Dollar Funding. Retrieved from https://www.adb.org/sites/default/files/publication/616091/covid-19-asian-banks-vulnerability-us-dollar-funding.pdf
Rogoff, K. (2020). Exchange rates have been stable in the Covid crisis – are we heading for a storm? Retrieved from https://www.theguardian.com/business/2020/nov/16/exchange-rates-covid-crisis-pandemic-us-election
Sutera Aru Persada, F. W. (2020). Dampak Pandemi Covid-19 Modernisasi Dan Digitalisasi Komisi Pemilihan Umum Republik Indonesia (Kpu-Ri). Jurnal Ilmiah Galuh Justisi, 8(2), 18. Retrieved from https://jurnal.unigal.ac.id/index.php/galuhjustisi/article/view/3513/3285%0A
UNCTAD. (2020). Global Trade Update. Retrieved from https://unctad.org/system/files/official-document/ditcinf2020d4_en.pdf
WTO. (2020). TRADE STATISTICS AND OUTLOOK: Trade shows signs of rebound from COVID-19, recovery still uncertain. Retrieved from https://www.wto.org/english/news_e/pres20_e/pr862_e.pdf
Copyright (c) 2020 Rossanto Dwi Handoyo
This work is licensed under a Creative Commons Attribution 4.0 International License.
JDE (Journal of Developing Economies) (p-ISSN: 2541-1012; e-ISSN: 2528-2018) is licensed under a Creative Commons Attribution 4.0 International License
- The journal allows the author to hold the copyright of the article without restrictions.
- The journal allows the author(s) to retain publishing rights without restrictions
- The legal formal aspect of journal publication accessibility refers to Creative Commons Attribution (CC BY)
