What will happen if trade and mobility are permanently reduced?
It is unclear how long restrictions on trade and travel will remain in place – and too soon to say if coronavirus will permanently reduce cross-border flows of goods, services and people. But there is plenty of evidence on the potential damage to the world economy. Robert Zymek discusses in this column for Economics Observatory.
This article takes a look at how economic research can offer insights about how a reduction in international trade and international mobility might affect the world economy.
Read the full article here.
The Economics Observatory (ECO) is a cross-institutional initiative that seeks to answer questions from policy-makers and the public about the economics of the coronavirus crisis and the recovery.