Impact of Commonwealth Countries on Trade: Covid-19 and Beyond
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Added on 2023/06/10
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The article discusses the impact of Covid-19 on the trade of Commonwealth countries and the measures taken to overcome the challenges. It also highlights the importance of the Commonwealth for international business and the future growth prospects.
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CRITICAL ISSUES IN BUSINESS MANAGEMENT The impact of the common wealth countries on the commonwealth trade in goods and services has been high number of deaths, low income importing countries leading to reduction in the commonwealth exports. There was also impact on the trade of the global sample of countries. The restrictions which came along side of Covid-19 was considered to be high income countries that are associated with an increase in the common wealth countries trade. Certain short-term projections of the counties were associated with an increase in the common wealth countries. It is also the study which is also considered to be the set of policy of the optionsthatcanaffecttherecommendationsfortargetingthe sustainability of the recovering and building the resilience in the common wealth economics. I have been able to understand the importance of the ways in which the commonwealth is very important for the international business of the many countries. But due to the impacts that have had on the common wealth it can be said that the first efforts of this group needs tobetoimprovethelearningandexperienceswhichallowthe organization to gain the growth that they have been looking for in the trades. The covid-19 impact on the common wealth trade in the goods of analysis of data spanning January 2019 to November 2020 suggested how this pandemic was able decrease trade between the different countries. The high number of covid-19 incidence in the high-income importing countries increased the commonwealth exports. It was also considered to be the incidence of Covid-19 that was able to affect both the exports and importing countries that has had an effect on the high-income commonwealth countries. There was short term measure taken for overcoming the challenges of the covid-19 which was considered to be heavily linked to the economic growth of these countries through making investments for productivity and policies aiming to enhance the resilience of commonwealth countries. The focus of these countries has been towards boosting the back the trade activities which was initially the factor that transformed the recovering of the economy for the promotion of the long-term sustainability growth for the international trade.The future growth of the commonwealth trade has shown some certain advantages that has enabled the trade to be a success in post covid period. The commonwealth is the key multilateral organization which has been comprising of the 54 member nations which are spread across Africa, Asia, the American, Europe and the Pacific. It can also be said to be the lower middle-income countries which has helped in the association with the networks that has been able to build the governmental and non-governmental and civil society organization that has helped in the working together worth the government and non-governmental civil society organization. The work of the is organization has been towards delivering the collaborative actions that are based on certain shared objectives. The common wealth is also considered to be the ready-made network that has been able to span in a very diverse range of countries for making it ideal place to help track the changes that are being made as a part of the global challenges to Covid-19. In the rapidly changing time when the countries around the world have both within the commonwealth and outside of it has faced major unprecedented health system pressure related to the human rights challenges. This is also considered to be the factor that has allowed to transform healthcare for meeting the needs of their population. The highs on the list of the priorities towards addressing the issue of the pharmaceutical access facilities. It has been found that the future of the common wealth program revolves heavily around the post pandemic program. It has also beenabletoprovidetimelyandusefulframeworkfor considering the global response. In pandemic the highlight has been to be able to develop a crucial role for the improving the health care and delivery industry. Thus, the future has been considered to be this industry by far. REFERENCES Books and Journals Escaith, H., Khorana, S., MacGregor, J.N., Vickers, B. and Ali, S., 2020. The potential impact of COVID-19 on Commonwealth trade, recovery and resilience. Trade Hot Topics. (161). Khorana, S., Martínez-Zarzoso, I. and Ali, S., 2021. The Impact of COVID-19 on the Global and Intra-Commonwealth Trade in Goods. International Trade Working Paper 2021/08. London: Commonwealth Secretariat.
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