The impact of Covid-19 on International Trade - Political and economic effects in the new era of Globalization

Throughout history and in the 19th and 20th centuries, humanity
and states faced financial crises: The Great Depression and the Financial Crisis of 2008-2009 had an intense impact on rules and principles
of trade and actors in international relations. From the end of 2019 until
today, countries face the world pandemic known as COVID-19, which
has impacted not only human health but also many other aspects
internationally. All this led to setting rules and restrictions by the World
Health Organization (WHO) regarding the movement of people and
trade; in the decline of the volume and value of international trade in
goods and services; production reductions by manufacturing companies; restriction of transport services; as well as a substantial
decline in passenger airlines and air transport companies; limiting even
the executive power of states in some cases. This research aims to
highlight the impact that the pandemic has had in terms of international
trade and the perspective of states' role in establishing rules and principles regarding the international political economy, especially in the new era of globalization, taking as a case study the states of North
Macedonia, Albania, and Kosovo.