Development of World Trade in the Context of the COVID-19 Pandemic: A Case Study on the Czech Republic and the Russian Federation (Contributions to Economics)

This book examines the development of world trade during the COVID-19 pandemic, also taking international trade between the Czech Republic and the Russian Federation into account as a case study. Using an advanced method of artificial neural networks, it evaluates a long time series and predicts the development of trade between the two countries.

The book further analyzes the specifications of export items on both sides and the dependence of the Czech Republic on Russia in terms of raw materials, which is not sustainable. It discusses the need for a political and business consensus, as well as a long-term investment plan to address this issue. Finally, it sheds light on the Czech companies actively operating in Russia, especially in the engineering, automotive, energy, and food industry. The book predicts the future bilateral trade relations between the two countries and the expected decrease in the demand on the side of Russian customers.

The book will appeal to students, scholars, and researchers of economics and finance in general, macro- and microeconomics, statistics, and trade analytics in particular, as well as professionals and international trade companies interested in a better understanding of world trade developments and the future trade scenarios between the Czech Republic and Russia.

Jakub Horák is the Deputy Director for Research, Development and Creative Activities of the School of Expertness and Valuation of the Institute of Technology and Business in České Budějovice, Czech Republic. He is a member of the VŠTE Academic Senate, and also a member of a number of scientific and organizational committees of professional journals and conferences and a member of the review team of many scientific journals. His research focuses on the methodology of professional work, business finance, business economics, and financial and capital markets, and, most recently, circular economy. Jakub Horák is the main investigator, and also the co-investigator of a number of external and internal scientific and pedagogical projects. He is also the author of many publications, dozens of which are listed in journals with a high impact factor indexed in the Web of Science and Scopus databases. Further, he is the editor and co-author of several books.

Veronika Machová is the Director of the School of Expertness and Valuation of the Institute of Technology and Business in České Budějovice, Czech Republic. She is a reviewer of the Slovak Accreditation Agency for Higher Education, a reviewer of European Council for Business Education and a member of Academic Council of School of Expertness and Valuation. Her research focuses on business finance, business economics, business valuation, financial assets and investments valuation. Veronika Machová is the main investigator, and also the co-investigator of a number of external and internal scientific and pedagogical projects. She is the author of numerous publications, dozens of which are listed in journals with a high impact factor indexed in the Web of Science and Scopus databases.

Valentina Vycheslavovna Mantulenko is a Professor at the Department of Applied Management, Samara State University of Economics, Samara, Russia. Her research focuses on digital economy, professional and higher education, Eurasian perspectives, development of small and medium-sized businesses or innovation-oriented economy. Valentina Vycheslavovna Mantulenko is the main investigator, and also the co-investigator of a number of external and internal scientific and pedagogical projects. She is the author of various publications, many of which are listed in journals indexed in the renowned world databases Web of Science and Scopus. Further, she is the editor and co-author of several book publications, which were primarily published in the Springer series Lecture Notes in Networks and Systems.

Tomáš Krulický is the Head of the Expertise Department of the School of Expertness and Valuation at the University of Institute of Technology and Business in České Budějovice, Czech Republic. His research deals with the issue of company valuation, valuation of intangible assets, investment decision-making and company finances. Tomáš Krulický is the main investigator, and also the co-investigator of a number of external and internal scientific and pedagogical projects, including several projects managed by the Technology Agency of the Czech Republic. He is also the author of numerous publications, many of which are listed in journals with a high impact factor indexed in the renowned world databases Web of Science and Scopus.