Beschreibung

"The COVID-19 pandemic has affected the world economy in an unprecedented way, with international trade being no exception. Studying trade flows between China and Germany in February 2020 gives a clear picture of what happens when a major shock affects a single trading partner. It helps us learn what to expect from similar future, more geographically limited crisis situations. Studying this particular time window also gives a glimpse into the beginning of a global crisis, which holds the potential to lead to long-lasting changes in the international production networks and division of labour." (Author's abstract, IAB-Doku) ((en))