GLOBAL COOPERATION: IMPACT OF PANDEMICS AND GLOBAL CRISES ON TRADE AND ECONOMIC STABILITY

This study examines the impact of pandemics on trade and economic stability, emphasizing the need for global cooperation and the involvement of least developed and developing countries in decision-making. Investigates the impact of pandemics, trade disruptions, and geopolitical tensions shape global economic dynamics, identifies the key factors influencing trade volumes and economic stability, and the strategies for fostering global cooperation to manage these complexities and promote resilience. A case study approach was used, focusing on COVID-19. Reports from 2009 to 2022 of the IMF, WTO were analyzed. All documents were subjected to a comprehensive, holistic analysis in accordance with predefined criteria. The findings of the study reveal the adverse effects of trade protectionism on international trade and global welfare, with a particular focus on the disproportionate impact on developing and least developed countries. In conclusion, the study emphasizes the necessity for reform of the international financial architecture to ensure fair representation and effective global cooperation.