Wei Luo1, Lingfeng He2, Zihui Yang1, Shirui Zhang3, Yong Wang4
1 Geography Department, National University of Singapore, Singapore
2 Institute for Empirical Social Science Research, Xi’an Jiaotong University, Xi’an, China
3 Great Eastern
4 School of Computing and Information Systems, Singapore Management University, Singapore
Abstract
The COVID-19 pandemic and subsequent lockdowns have created health and economic crises, leading to unprecedented disruption to world trade and supply chains. The COVID-19 shows diverse impacts on different economies and markets that suffer and recover at different rates and degrees. This research aims to evaluate the strengths and vulnerabilities of international trade networks (ITNs) in the current crisis to evaluate global production resilience and prepare for the future crisis. We applied a series of complex network analysis approaches on the monthly ITNs for the pre- and post- COVID-19 outbreak period. The overall findings elicit the hidden spatio-temporal trading disruption, development, and resilience due to the adverse impact of COVID-19 pandemic.
Keywords: International trade network, COVID-19, resilience, supply chain
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