During the COVID-19 pandemic, many countries used export and import policy as a tool to expand the availability of scarce critical medical products in the domestic market (scarcity nationalism). This paper assesses the direct and indirect (via trade in intermediates) increases in trade costs of crit...

Ausführliche Beschreibung

Bibliographische Detailangaben

1. Verfasser:	Egger, Peter H. (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C The World Bank 2022
Schlagworte:	Critical Medical Goods Global Trade Alert Indirect Trade Costs International Economics and Trade Pandemic Medical Products Protectionism Trade Trade Cost Trade Policy Vaccine Trade Costs
Online-Zugang:	Volltext
Zusammenfassung:	During the COVID-19 pandemic, many countries used export and import policy as a tool to expand the availability of scarce critical medical products in the domestic market (scarcity nationalism). This paper assesses the direct and indirect (via trade in intermediates) increases in trade costs of critical medical goods resulting from these uncooperative policies. The results show that scarcity nationalism led to substantial increases in trade costs between February 2020 and December 2021 for most COVID-19 critical medical products, particularly garments (for example, face masks) and ventilators. The exception is vaccines, which saw a reduction in trade costs, which, however, was driven by the reduction in indirect trade costs for high-income countries, consistent with the view of a COVID-19 vaccine production club
Beschreibung:	1 Online-Ressource (15 Seiten)
DOI:	10.1596/1813-9450-10237