Comparative advantage and competitiveness of COVID-19-related medical products exporters

The coronavirus disease (COVID-19) pandemic generated an upsurge in demand for medical products. Trade policy changes, including export restrictions and import reforms, have led to a shortage of medical products. The World Health Organization has recommended countries to encourage local production a...

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Main Authors: Idris, Zera Zuryana, Ismail, Normaz Wana, Ibrahim, Saifuzzaman
Format: Article
Published: Tomas Bata University, Zlin 2022
Online Access:http://psasir.upm.edu.my/id/eprint/100731/
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author Idris, Zera Zuryana
Ismail, Normaz Wana
Ibrahim, Saifuzzaman
author_facet Idris, Zera Zuryana
Ismail, Normaz Wana
Ibrahim, Saifuzzaman
author_sort Idris, Zera Zuryana
building UPM Institutional Repository
collection Online Access
description The coronavirus disease (COVID-19) pandemic generated an upsurge in demand for medical products. Trade policy changes, including export restrictions and import reforms, have led to a shortage of medical products. The World Health Organization has recommended countries to encourage local production and identify various import sources for medical products to ensure sustainable healthcare capacity to combat the COVID-19 pandemic and any similar events in the future. This study aims to examine the comparative advantages and competitiveness in producing medical products among top exporters. The contribution of this study is the ability to identify various import sources specific to developing countries. From the exporter’s perspective, this study allows countries to recognize their existing competitive strengths in the medical products trade, allowing them to strategize and compete in the international markets of medical products. Using Balassa’s revealed comparative advantage index, this study analyzes 25 primary medical product exporters, identifying several countries with a comparative advantage in producing medical products. Medicines are primarily dominated by high-income countries, including Switzerland and Germany, whereas middle-income countries, such as China and Malaysia, are more specialized in medical supplies, medical equipment, and personal protective products. This finding provides a basis for policy formulation that can facilitate the process of building a sustainable healthcare capacity.
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spelling upm-1007312023-09-11T07:16:18Z http://psasir.upm.edu.my/id/eprint/100731/ Comparative advantage and competitiveness of COVID-19-related medical products exporters Idris, Zera Zuryana Ismail, Normaz Wana Ibrahim, Saifuzzaman The coronavirus disease (COVID-19) pandemic generated an upsurge in demand for medical products. Trade policy changes, including export restrictions and import reforms, have led to a shortage of medical products. The World Health Organization has recommended countries to encourage local production and identify various import sources for medical products to ensure sustainable healthcare capacity to combat the COVID-19 pandemic and any similar events in the future. This study aims to examine the comparative advantages and competitiveness in producing medical products among top exporters. The contribution of this study is the ability to identify various import sources specific to developing countries. From the exporter’s perspective, this study allows countries to recognize their existing competitive strengths in the medical products trade, allowing them to strategize and compete in the international markets of medical products. Using Balassa’s revealed comparative advantage index, this study analyzes 25 primary medical product exporters, identifying several countries with a comparative advantage in producing medical products. Medicines are primarily dominated by high-income countries, including Switzerland and Germany, whereas middle-income countries, such as China and Malaysia, are more specialized in medical supplies, medical equipment, and personal protective products. This finding provides a basis for policy formulation that can facilitate the process of building a sustainable healthcare capacity. Tomas Bata University, Zlin 2022-03 Article PeerReviewed Idris, Zera Zuryana and Ismail, Normaz Wana and Ibrahim, Saifuzzaman (2022) Comparative advantage and competitiveness of COVID-19-related medical products exporters. Journal of Competitiveness, 14 (1). 61 - 79. ISSN 1804-171X; ESSN: 1804-1728 https://www.cjournal.cz/index.php?hid=clanek&bid=archiv&cid=435&cp= 10.7441/joc.2022.01.04
spellingShingle Idris, Zera Zuryana
Ismail, Normaz Wana
Ibrahim, Saifuzzaman
Comparative advantage and competitiveness of COVID-19-related medical products exporters
title Comparative advantage and competitiveness of COVID-19-related medical products exporters
title_full Comparative advantage and competitiveness of COVID-19-related medical products exporters
title_fullStr Comparative advantage and competitiveness of COVID-19-related medical products exporters
title_full_unstemmed Comparative advantage and competitiveness of COVID-19-related medical products exporters
title_short Comparative advantage and competitiveness of COVID-19-related medical products exporters
title_sort comparative advantage and competitiveness of covid-19-related medical products exporters
url http://psasir.upm.edu.my/id/eprint/100731/
http://psasir.upm.edu.my/id/eprint/100731/
http://psasir.upm.edu.my/id/eprint/100731/