International Trade and COVID-19 Health, Medicine, Nursing Coursework (Coursework Sample)

3M faces pressure from Trump order to stop exporting N95 masks to
Canada
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3M faces pressure from Trump order to stop exporting N95 masks to
Canada
With restrictions on the export ban on N95 masks, the 2 major manufacturers are exasperated. For the companies to continue operating on a profit, global exports play a key role as both the companies have been long time players in the global business domain. With
Coronavirus altering the global economy, companies now face an environmental risk (Pandemic) that was previously not considered a high-risk factor (Greenlaw& Taylor, 2016). The government of various countries are scrambling to get their citizens back from the worst affected regions and placing checks and quarantines at all international airports and other ports of entry.
With this ban, the American Government has simply taken an effective towards stabilizing the health internal Security in case of a coronavirus outbreak in the country. The reason for the export ban is understandable. In 1961, the Swedish economic expert Mr. Staffan Linder advocated the Country Similarity Theory to interpret the trade patterns, which would be the best fit to explain this scenario, It also is referred to as Linder hypothesis which implies that states with similar per capita income are most inclined to interact in commerce with each other. Nevertheless, most emerging economies may not trade among themselves, as the excess of such nations will be agricultural products and raw materials, and the requirements will be innovation and high-end tech-product.