COVID-19 is often linked to its impact on mobility and globalization. Stringent measures have been taken to contain the situation, which have constrained the movement of people and goods, nationally and internationally. The coronavirus pandemic has also accelerated previously existing geopolitical trends, especially regarding trade protectionism associated with, for example, medical equipment, pharmaceutical products and COVID-19 vaccine-related research. This, in turn, continues to feed a techno-nationalist zeitgeist as governments resort to export controls and sanctions in “strategic” sectors such as semiconductors and 5G networks and other so-called “dual use” technologies.
This environment has created an acute demand for new and innovative management tools and systems to support good corporate governance and risk management practices. Governments also need to apply new technologies and tools to better fight COVID-19 and facilitate trade.
The emerging solution to manage the challenges of both COVID-19 and techno-nationalism are coming from a burgeoning new field called TradeTech. The dynamics of the development in this field are captured in the new World Economic…
