INTERNATIONAL TRADE IN THE COVID-19 OUTBREAK: IS THE DIGITAL ECONOMY WORKING?

This paper presents the strengthening of the digital economy which acts as a stabilizer in the trade sector during the Covid-19 outbreak. In a contactless world, most interactions between customers and employees must occur virtually. While still making exceptions to some things, operating digitally...

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Bibliographic Details
Published inMalaysian e commerce journal Vol. 4; no. 2; pp. 60 - 62
Main Authors Lestari, Diana, Darma, Dio Caisar, Amalia, Siti
Format Journal Article
LanguageEnglish
Published Zibeline International 28.10.2020
Subjects
covid-19
digital economy
international trade
neoliberalism
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Summary:This paper presents the strengthening of the digital economy which acts as a stabilizer in the trade sector during the Covid-19 outbreak. In a contactless world, most interactions between customers and employees must occur virtually. While still making exceptions to some things, operating digitally is the only way to survive restrictions on activities by the government, including in the economic sector. The instructions for switching in a digitizing pattern are nothing new, they are simply brought into sharp focus. The most recent event, the Covid-19 outbreak, has accelerated a transformation, as evidenced by the sharp strengthening in the digitizing economic sector. Based on a literature study, the conclusions explain the opportunities for the digital economy to support the trade sector which experienced inconsistencies in growth tabulations during this outbreak. Through the perspective of neoliberalism, it can be used to explain how it is related to strengthening the digital economy with the stability of international trade at macro and micro levels.
ISSN:2616-5155
2616-5155
DOI:10.26480/mecj.02.2020.60.62