Q.3 Going by past experiences, historic ruptures often generate and accelerate new global links that lay foundations for institutional changes, seeking enduring cooperation among nations. In light of this asses the challenges the global trade face in the post-Covid world. (10 Marks)

Mentor’s comment-
  • https://www.thehindu.com/opinion/op-ed/unpacking-the-resiliency-of-global-trade-yet-again/article35845220.ece
  • In the intro, mention the economic disruption caused by the pandemic.
  • In the body, describe the important role played by the global trade in the economy and its implications for the economic development. In the challenges mention the threat to globalisation, free economy, increase in protectionism etc. Next, mention the changes that may come such as WTO rules that may impinge on national sovereign policy, dominance of technology etc.
  • Conclude by mentioning that the global economy will emerge more resilient from the current crisis by internalizing the lessons learned.
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Sehaj Singh
Sehaj Singh
1 year ago

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