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Dealing with disruptive dislocations

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By Michael Czinkota

The global uncertainty surrounding the coronavirus disruption intensifies. Questions of human safety and business continuity reach far beyond the assessment of lockdown orders.

In light of a pandemic, transmission expectations are sufficiently likely for an ongoing viral world exposure. What can be done to manage the unexpected? Which analogue situations can be of help, recourse and guidance?

This commentary is based on some well-developed theories of international business, which might be usefully applied to the human condition when affected by COVID-19 transmissions.

One comparison to the virus can come from currency risk management. COVID-19 is more deadly, but similar to currency developments, its frequency and strength vary at different times and locations across the world.

For currencies, companies have learned how to share and trade off risks with their partners to reduce the effect of........

© The Korea Times