Bio: Olivia Mason is a third-year student at 食色视频's Coles College
of Business, where she is pursuing a degree in Economics. Her interest in Economics
began with an introductory course in her first year at 食色视频. Olivia finds that Economics
offers various interdisciplinary topics that bring challenges and excitement. Throughout
her time at 食色视频, Olivia has maintained a place on the President's List, retaining
a 4.0 GPA. Upon completing her undergraduate studies, she aims to pursue a Ph.D. in
Macroeconomics, with an emphasis on International Trade. Olivia seeks to build a career
in International Trade research. In her free time, she enjoys creative writing, reading,
and spending time with her family.
Research Description: The purpose of this paper is to study how recovery from the COVID-19 pandemic is
reshaping geopolitical viewpoints and trade relationships. Currently, there is a research
gap regarding the role of emerging nations and people's movements in shaping the global
economy's future. My research in this area will contribute to existing studies of
the correlation between pandemic recovery and slowing trade. Could the distinction
between regionalization and globalization cause differences in economic recovery?
Throughout history, there has been a notable correlation between declines in trade
activity and global pandemics. During pandemics, economic shock is followed by a uniform
decrease in trade output and trade volume. The 1918 Influenza pandemic led to the
deaths of millions of people, impacting health and trade worldwide. The economic shock
of the COVID-19 pandemic is an outgrowth in the trend of disproportionate economic
recovery between emerging and developed nations. While historical trade decreases
typically coincide, recovery periods have occurred at uneven rates.
Globalization is the spread of goods and information across national borders. The concept of globalization is one believed widely across academic disciplines. Previous research by Shannon O鈥橬eal argues that the world has not fully globalized but is regionalized. According to her study, Asia, North America, and Europe dominate regionalization in international markets. Despite the account of prospering globalization, the world is becoming increasingly regionalized in terms of trade. The likely effect of the COVID-19 pandemic on economic recovery is a reconfiguration of global value chains, with countries being less receptive to the facilitation of global trade. One case is the lack of global coordination required to respond at the start of the Covid crisis. Another is that geopolitical conflicts are disruptions to free trade; where geopolitical competition and geoeconomic dissimilarities are reshaping the state of international trade. As indicated by William Dodwell, trade wars, conflict, and 鈥渙ther impediments corrupt the principle [of free trade].鈥
Existing studies lack subsequent data after the CDC鈥檚 announcement of the pandemics end in May 2023. A review of data, existing literature, and other academic sources will be used to formulate a conclusion on the aforementioned area of study. Using new source data from collections of empirical data to analyze measures of GDP, trade volumes, pandemic vulnerability index, and the International Monetary Fund鈥檚 (IMF鈥檚) World Economic Outlook (WEO) database to analyze pandemic recovery amid geopolitical volatility.
Faculty Advisor:
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