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Unpacking the resiliency of global trade, yet again

Unpacking the resiliency of global trade, yet again

The article talks about the loss to economy due to the impact of covid-induced crisis. Countries have responded to the pandemic in various manners- protectionism, national aspirations, new supply chains. But the past trends indicate that every time there been a crisis, the economy has shown innovative methods to build its structure. Be it after the world war, or the oil shocks of 1970s, the financial crisis of 2008, etc. This performance from the past leaves much hope for these times of crisis. Technology, integration, trade, innovation, automation will contribute to resilience this time. Towards the conclusion, the article shows the way for India to develop its potential.

Why you should read this article?

  • Understand the resilience of trade during various world-level disruptions
  • Scope for India to develop in the present times of crisis

 

 

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