Fisnik Muça, PhD
Xhemail Çupi, PhD
ABSTRACT Throughout history and in the 19th and 20th centuries, humanity and states faced financial crises: The Great Depression and the Financial Crisis of 2008-2009 had an intense impact on rules and principles of trade and actors in international relations. From the end of 2019 until today, countries face the world pandemic known as COVID-19, which has impacted not only human health but also many other aspects internationally. All this led to setting rules and restrictions by the World Health Organization (WHO) regarding the movement of people and trade; in the decline of the volume and value of international trade in goods and services; production reductions by manufacturing companies; restriction of transport services; as well as a substantial decline in passenger airlines and air transport companies; limiting even the executive power of states in some cases. This research aims to highlight the impact that the pandemic has had in terms of international trade and the perspective of states' role in establishing rules and principles regarding the international political economy, especially in the new era of globalization, taking as a case study the states of North Macedonia, Albania, and Kosovo.
Keywords: COVID-19; International political economy; Globalization; International relations; State.
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