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Covid 19 Pandemic Impact On New Economy Development And Societal Change
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Book Synopsis COVID-19 Pandemic Impact on New Economy Development and Societal Change by : Popescu, Cristina Raluca Gh.
Download or read book COVID-19 Pandemic Impact on New Economy Development and Societal Change written by Popescu, Cristina Raluca Gh. and published by IGI Global. This book was released on 2021-12-17 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: Globalization and technological advances have the immense power to create a new economy, address sustainability concerns, and facilitate societal changes. In addition, the COVID-19 pandemic has led to notable modifications in the world economy and society that require adjustments to business models, as well as our way of life. It is critical to understand these new models in our changing society for businesses to not only survive, but to thrive. COVID-19 Pandemic Impact on New Economy Development and Societal Change provides an updated view of the newest trends, novel practices, and latest tendencies concerning the manner of shaping the new economy and accelerating societal change, demonstrating the crucial importance of rethinking the world’s models, priorities, and strategies while seeking a more responsible path for humanity. Covering topics such as tourism and salesmanship skills, this publication is ideal for academicians, researchers, scientists, scholars, practitioners, industry professionals, consultants, instructors, and students.
Book Synopsis COVID-19 and International Development by : Elissaios Papyrakis
Download or read book COVID-19 and International Development written by Elissaios Papyrakis and published by Springer Nature. This book was released on 2022-01-13 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current coronavirus pandemic fundamentally reshapes existing debates and processes in international development. The unprecedented (and rapidly evolving) crisis is generating a number of substantial challenges for developing economies. Governments in low-income nations often find it extremely hard to cope with the increased demand for health services, make prompt decisions and put them into action, protect vulnerable segments of society and offer immediate relief to affected economic sectors. This book provides a series of reflective chapters that demonstrate how several areas of international development have been severely affected by the Covid-19 outbreak. It provides an in-depth critical discussion on how the current pandemic influences several development outcomes (in the domains of poverty/inequality, health, education, migration, formal/informal employment, (de)globalisation, the extractive sector, climate change, water and the global financial system). Each chapter draws policy recommendations on relevant interventions that can alleviate the identified negative repercussions of the Covid-19 pandemic, especially for the most vulnerable communities in the Global South.
Book Synopsis A New Social Street Economy by : Simon Grima
Download or read book A New Social Street Economy written by Simon Grima and published by Emerald Group Publishing. This book was released on 2021-07-15 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: A New Social Street Economy: An Effect of The COVID-19 Pandemic explores the impact of the Corona crisis on the capitalist world and how it contributes to the four main dimensions of social economy; which are supply of needs, social benefit production, fair distribution and sustainability.
Book Synopsis Challenges in Economic Policy, Business and Management in the COVID-19 Era by : Anna Ujwary-Gil
Download or read book Challenges in Economic Policy, Business and Management in the COVID-19 Era written by Anna Ujwary-Gil and published by INE PAN. This book was released on 2022-01-01 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic has made it necessary to redefine the most significant challenges faced by individual economies and society today. It contributed to the change of contemporary social, technological and economic trends, the effects of which will indeed be the subject of many scientific studies in the coming years. As the pandemic progresses, it promotes reflection and summaries of the consequences of behaviors or omissions in each country. One of them is a synthetic presentation of ten lessons from the pandemic (Gorynia, 2021), which the professor accurately diagnoses in the economic context: 1) the pandemic as a non-economic (sanitary-medical) shock that caused the economic, social and political crisis; 2) the pandemic as a "black swan", an unpredictable threat of high species gravity, but requiring anticipation to minimize its harmful effects in the future; 3) determining the causes of the appearance of the virus determines different preventive actions for future threats; 4) resilience as the foundation of long-term economic efficiency; 5) the set of measures to counteract the harmful effects of a pandemic should not be unified but adapted to the specificity of the facilities it is to affect; 6) the world economy as a system of vessels connected with its positive and negative consequences; 7) the pandemic highlighted the role of coordination of international cooperation; the shortcomings of globalization must be overcome by fairly sharing the positive fruits of international cooperation and resilience aimed at diversifying supplies; 8) economic policy pursued by individual states with a view to preventing the effects of the economic crisis caused by a pandemic cannot be voluntary; 9) the pandemic has sharpened the perception of the shortcomings of contemporary economic, social and political systems and prompts the questioning of certain pillars of the market economy (e.g., homo oeconomicus, individual and global rationality, private and state property, canons of monetary, fiscal, budgetary or industrial policy); 10) the pandemic increases the pressure on systemic and holistic thinking taking into account green economic development, saving energy, water and other resources, using renewable energy sources, avoiding wastage of resources, paying attention to social inequalities in the world, regions and countries, solving poverty problems, and social exclusion. This monograph is partially a response to the in-depth issues covered in these lessons. The authors of individual chapters challenge contemporary topics relating to the COVID-19 pandemic, industry and inter-organizational cooperation, pro-environmental, resilient, and innovative organizations. The monograph consists of three parts. The first part (PART 1) covers an overview of very recent research, considering the impact of COVID-19 on the economy, industries, and business. The article by Anna Ujwara-Gil and Bianka Godlewska-Dzioboń deals with, among others, the issues relating to pandemic impacts on the slowdown in the functioning of the construction, electric automotive, and water industries. Also, it affects the tourist industry, where countries are starting to pay attention to the resource-saving green economy and problems of professional exclusion in the pandemic era. In another article, Maria Czech refers to the influence of public debt on the volatility of spreads during the COVID-19 pandemic. This research is part of the study on the use of sovereign credit default swap spreads to assess a country's credit risk, which may be distorted in a pandemic period. It is undisputed that the COVID-19 pandemic has a global dimension. The crisis resulting from disorders such as in value chains has caused industry to slow down. The Czech luxury fashion industry is no exception. As Radka MacGregor Pelikánová points out, COVID-19 has turned out to be a threat to its development.. Leading Czech luxury fashion companies withdrew to a passive role and felt the negative consequences of the pandemic. As the Author points out, few have engaged in corporate social responsibility and showed ingenuity, which increases their chances of survival in the future. In other studies, Tereza Horáková and Kateřina Maršíková identified factors influencing the environment of effective knowledge exchange in SMEs, which in the era of hybrid work during COVID-19, is particularly important. The second part of the monograph (PART 2) includes two studies on the photovoltaic cell industry in China from the perspective of comparative and intra-industry advantage. As a significant player in the global trade scene and various value chains, China is a fascinating subject of research undertaken by Paweł Brusilo and Bogusława Drelich-Skulska. The results of the first article demonstrate the success of the Chinese industry in terms of growth potential, competitiveness, and development opportunities thanks to effective state support and favorable market forces. As the authors point out, the Chinese solar cell industry has not been studied so far in the context of comparative advantage and the new structural economy. The results show the way for other countries to consider or develop innovative industries, such as renewable energy and solar energy. In the second article, Paweł Brusilo examines the topic of the Belt and Road Initiative in the context of the Chinese photovoltaic cell industry, energy transition policy, identification of modern intra-industry trade patterns and opportunities for this industry, which is characterized by significant state interventionism. The considerations in this article may inspire EU countries to deepen economic and trade cooperation in the export and import of solar cells with China. On the other hand, Joanna Kurowska-Pysz has undertaken the analysis of the cooperation conditions within the innovative processes of representatives of science, business, the legislative, and economic environment cooperating on the capital market. The Author focused on the motivators, barriers, but also the search for an effective form of development of intersectoral cooperation enabling the exchange of knowledge and experience, learning, including the flow of personnel between sectors, joint organization of conferences, seminars, training, and implementation of research projects constituting the basis of innovative processes, or the diagnosis of network relationships. The model proposed by the Author will surely inspire other researchers. The third part of the monograph (PART 3) includes articles referring, inter alia, to the pro-environmental organizational culture of enterprises. Katarzyna Piwowar-Sulej, as an advocate of this valuable orientation today, has shown that organizations are interested in developing pro-ecological behavior and are aware of their impact on the natural environment. The article is in line with the global trend focused on the sustainable, ecological, and green economy enterprises operating in this trend, not only because of COVID-19. Taking action to develop a pro-ecological organizational culture, taking care of the natural environment is not only a moral and ethical requirement but also an obligation for the future generation. This part also includes an article by Piotr Tomszys and Bartosz Grucza, who present an inspiring model of organizational resilience and an attempt to operationalize it. The organizational resilience model proposed by the Authors is in line with the growing interest in the analyzes and measurement of the enterprises' resilience. The conceptualization and measurement of economic resilience can inspire other researchers to further research in this area. The COVID-19 pandemic, as an unpredictable and destructive shock, might be a unique opportunity to verify the developed model, as the authors point out. The last article deals with the issue of innovative management and its measurement based on a proprietary tool developed by Magdalena Gorzelany-Dziadkowiec. The considerations undertaken by the Author are a reliable starting point for further research concerning the impact of COVID-19 on the organization's functioning, the development of innovative management, changes in work processes, and interpersonal relations in the era of increasingly dominant digital technology and skills to use it. The editors profoundly thank all the Authors for their valuable contribution to this monograph and cooperation in its co-creation. We address our grateful thanks to all the Reviewers for their insightful evaluation and high standards of their work. These special thanks go to (in alphabetical order) Barbara Błaszczyk Institute of Economics, Polish Academy of Sciences; Justyna Bugaj, Jagiellonian University; Anna Fornalczyk, COMPER Fornalczyk and Wspólnicy; Marta Gancarczyk, Jagiellonian University; Anna Maria Lis, Gdańsk University of Technology; Andrzej Lis, Nicolaus Copernicus University; Mieczysław Morawski, Warsaw University of Technology; Paweł Pisany, Institute of Economics, Polish Academy of Sciences; Natalia R. Potoczek, Institute of Economics, Polish Academy of Sciences. We also thank Paweł Japoł for his thorough proofreading of this monograph.
Book Synopsis COVID-19 and Society by : Mustafa Polat
Download or read book COVID-19 and Society written by Mustafa Polat and published by Springer Nature. This book was released on 2022-11-16 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely book presents a collection of expert insights into the impacts of COVID-19 in a broader socio-economic context. In each chapter, the authors identify the current impact of COVID-19 by demonstrating transformative signals and project these signals to the future by considering their alternative futures and implications. The book emphasizes that dealing with major global pandemics like COVID-19 requires all countries and regions to take different, but synchronized measures to decrease its socio-economic effects in the short, medium and long run. The consequences of COVID-19 will go beyond medicine to cover all other aspects of life and are bound to change the nature of organizations. Moving beyond the medical viewpoint, the experts in this book discuss the topic from multi-dimensional and multi-disciplinary angles by focusing on the domains of technology, business, finance, marketing, law, public administration, and education.
Book Synopsis Post-COVID Economic Revival, Volume I by : Vladimir S. Osipov
Download or read book Post-COVID Economic Revival, Volume I written by Vladimir S. Osipov and published by Springer Nature. This book was released on 2022-01-01 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: This two-volume book examines the most important global problem—the recovery of the social-economic crises due to the COVID-19 pandemic. This economic crisis has its own basis and differs from others by the lockdown of most businesses on the decision of authorities. The uncertainty of the future economic revival obliges scientists around the world to unite in search of effective solutions that will become the basis for prosperity and human wellbeing. The death of millions of people around the world, several waves of coronavirus, and a global pandemic have forced most states to seek extraordinary measures to save people and revive economic activity. The world economy experienced a global shock, probably never experienced before due to lockdowns. The disruptions and gaps in the value chains were primarily caused by the lockdowns of enterprises. The change in the essence of the economic crisis has raised the question of how to overcome it and revive economic activity. The crisis caused a sharp decline in incomes of the population around the world, which led to social upheavals. Post-COVID economic revival in a globalized world has become the most important problem of our time. This book offers contributions of authors from different countries and explores problem solving in the fields of public administration (Volume I, Part I), financial services (Volume I, Part II), different branches (Volume II, Part III) and the social sector (Volume II, Part IV). The first volume discusses governmentality, public, and corporate management. The second part of the volume reveals the trends in the development of the financial sector in the post-COVID period. Despite the fact that the book is divided into two volumes and four parts, a holistic and systematic perception of the new reality of the post-COVID age can be obtained by reading the entire book. This book will be of interest to academics and practitioners in public administration and economics, particularly those who are interested in Post-COVID economic revival.
Book Synopsis COVID-19 Pandemic Trajectory in the Developing World by : Mukunda Mishra
Download or read book COVID-19 Pandemic Trajectory in the Developing World written by Mukunda Mishra and published by Springer Nature. This book was released on 2021-04-21 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: We are witnessing an unprecedented global outbreak of COVID-19, which has been devastating in its consequences. Beyond the acute health hazard, the pandemic has carried with it other threats for mankind associated with the human economy, society, culture, psychology and politics. Amidst these multifarious dimensions of the pandemic, it is high time for global solidarity to save humankind.Human society, its ambient environment, the process of socio-economic development, and politics and power – all are drivers to establish the world order. All these parameters are intimately and integrally related. The interconnections of these three driving forces have a significant bearing on life, space and time. In parallel, the interrelationship between all these drivers is dynamic, and they are changed drastically with time and space. The statistics serve to align the thought, based on which social scientists need to understand the prevailing equation to project the unforeseen future. The trajectory of the future world helps in planning and policymaking with a scientific direction.The practitioners of all academic disciplines under the umbrella of the social sciences need a common platform to exchange ideas that may be effective in the sustainable management of the crisis and the way forward after it is mitigated. This book provides multidisciplinary contributions for expressing the solidarity of academic knowledge to fight against this global challenge. It is crucial that there should be an on-going discussion and exchange of ideas, not only from the perspective of the current times but keeping in view the preparedness for unforeseen post-COVID crises as well.
Book Synopsis Covid-19's Economic Impact And Countermeasures In China by : Shi Yi Chen
Download or read book Covid-19's Economic Impact And Countermeasures In China written by Shi Yi Chen and published by World Scientific. This book was released on 2022-07-14 with total page 518 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book studies the impact of COVID-19 on the Chinese economy and the country's response to policies. It examines various aspects of national macroeconomic operations, industrial shocks, changes in financial markets, regional economic order, public governance challenges. It also analyzes changes in the world economy while integrating economic, financial, industrial, and environmental disciplines.At the macro level, the book emphasizes counter-cyclical responses, with an emphasis on comprehensive measures and precise efforts. It highlights differentiated development strategies for industries and promotes structural adjustment and supply-side reform. At the micro-level, the book emphasizes enterprises' resumption of work and production and supply chain management. The book promotes the concept of integration, stressing that China's economy was and is sufficiently resilient and the importance of maintaining and improving public confidence. At the same time, it attaches importance to prescribing the correct remedies for shortcomings, strengthening weaknesses, confronting the obstacles and difficulties in economic development, and restoring social order. The studies are not restricted to the facts but also focus on transforming and upgrading a modernized socialist economy and governance in the long term.
Book Synopsis How COVID-19 Reshapes New World Order: Political Economy Perspective by : Li Sheng
Download or read book How COVID-19 Reshapes New World Order: Political Economy Perspective written by Li Sheng and published by Springer Nature. This book was released on 2021-10-16 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely book explores economic, political, social, and cultural impacts of the COVID-19. It aims to reveal a future world shaped by the worldwide pandemic. The main content of this book is divided into 5 parts: the pandemic—a short sketch of the pandemic through 2020, the acceleration of the global power transition: from East to West, comparison between authoritarian and democratic in the pandemic era, global international organizations under the COVID-19 influence, and regional international organizations under the COVID-19 influence. In addition, this book also analyzes the impacts from two aspects: the changes of the world order and the repercussions for international organizations and globalization. Three questions will be focused: How the pandemic has changed the existing world order? What the new post-pandemic world order will be? How international cooperation has been affected and will be affected? This book is a comprehensive study that investigates the impacts of the COVID-19 pandemic and the political implication on international organizations. It would not only inspire readers to think about impacts of the outbreak of COVID-19 from economic and political perspectives, but also encourage readers to have a deeper understanding of the global political pattern and potential changes of world order after the pandemic. Therefore, the intended readership not only includes the academics but also includes pro-academics. The academic audiences include university and college scholars (especially those majoring in history, political sciences, economics, and international relations), teachers, and administrative staff at the undergraduate, graduate, postgraduate, and Ph.D. levels, as well as study centers and research institutes and campus and public libraries. The pro-academic groups include civil servants, especially scholarly bureaucrats and technocrats; white collar and middle-class citizens interested in reading, especially those interested in and concerned about current affairs; and international business elites. The most important feature of this book is that it points out the COVID-19 pandemic has been shaping the world order. It also shows in the coming post-pandemic world, the United States would maintain the position of superpower while the still rising China is likely to share some responsibilities in constructing a new multi-polar world with US and other powers. The prevailing of unilateralism will heavily constrain the role of international organizations.
Book Synopsis The Social and Economic Impact of Covid–19: Rapid Transformation of the 21st Century Society by : Marcel Mečiar
Download or read book The Social and Economic Impact of Covid–19: Rapid Transformation of the 21st Century Society written by Marcel Mečiar and published by IJOPEC PUBLICATION. This book was released on 2021-05-05 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contributions in this book demonstrate that the Covid-19 pandemic has led to negative socioeconomic impacts, put a tremendous strain on social institutions in many countries, and changed the lives of people around the world. Society, economy, business companies, management structures of companies, consumption habits of society, education, and health sector have been significantly affected by the Covid-19 pandemic. Some of these effects are thought to be permanent even after the pandemic subsides. It is obvious that the process of digitization will continue in making a consumer’s life more comfortable and safer. Some researchers estimate that approximately 60 percent of companies plan to let their employees continue working remotely from home offices in the post-pandemic period. Many experts emphasize that online shopping, which increased rapidly during the pandemic period, will continue to dominate after the pandemic. Therefore, the social effects of the Covid-19 pandemic will be the subject of many academic studies today and in the future.
Book Synopsis Economics of the Pandemic by : Cai Fang
Download or read book Economics of the Pandemic written by Cai Fang and published by Routledge. This book was released on 2021-09-27 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: The year 2020 marked the time when China expected to attain its goal of building a moderately prosperous society in all respects. Yet it has witnessed the emergence of COVID-19 as a global pandemic that has spread to almost all countries and regions throughout the world. This serious public health disaster has brought with it severe economic shock, resulting in unexpected challenges to the completion of economic and social development goals. This title compiles the latest research, from a variety of perspectives, into the impact of COVID-19 on the Chinese economy. Economic experts and scholars from the Chinese Academy of Social Sciences analyze the current trends as well as short-term and long-term countermeasures in the agricultural, industrial, employment, and public health sectors and focus on supply and demand. They argue that China’s actions toward and promotion of economic recovery need to adapt to variability and uncertainty, and policy choices should be made in the light of the dialectical relationship between variance and invariance. The book will appeal to students and scholars of economics, political science, and social development.
Book Synopsis Globalization, Political Economy, Business and Society in Pandemic Times by : Tony Fang
Download or read book Globalization, Political Economy, Business and Society in Pandemic Times written by Tony Fang and published by Emerald Group Publishing. This book was released on 2021-12-08 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Globalization, Political Economy, Business and Society in Pandemic Times contributes to the growing literature on COVID-19 through a multidisciplinary approach by helping build a holistic understanding of the impact of the COVID-19 pandemic on politics, economies, business, and society in a globalized world.
Book Synopsis The COVID-19 Pandemic, India and the World by : Rajib Bhattacharyya
Download or read book The COVID-19 Pandemic, India and the World written by Rajib Bhattacharyya and published by Taylor & Francis. This book was released on 2021-09-30 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses the economic and social impact of the Covid-19 crisis with special focus on India. It examines the economic disruption caused by the pandemic, policy responses to it and the prospect of a severe global recession. It also covers how the pandemic has contributed to considerable suffering among the masses and affected socio-cultural relationships, behavioural patterns and psychological attitudes governing human interaction. A topical and timely collection on the pandemic, the essays in the volume discuss several key themes which include, · The Corona pandemic and the changing global economy; growth, trade and macroeconomic recovery; · Public health and policy failures; appropriate policy response; · Impact on education; guidelines for the future; · Idea of economic herd immunity; impact of India’s lockdown, crisis of the migrant labourers; · Impact on agriculture, industry, firms, households and the informal sector; · Implications of digital technology for production, labour and labour relations; · Violence amidst the virus; Covid 19 and Hindu- Muslim conflict in India, domestic violence, questions of occupation, identity, gender and vulnerability; · De-globalisation and environmental challenges in the post-Covid era. Engagingly written, this comprehensive volume compiles original research by leading economists from India and abroad. It will be useful for scholars and researchers of economics, of the Indian economy, development economics, development studies, labour studies, public policy, public administration, governance, sociology and political economy.
Book Synopsis Understanding Post-COVID-19 Social and Cultural Realities by : Sajal Roy
Download or read book Understanding Post-COVID-19 Social and Cultural Realities written by Sajal Roy and published by Springer Nature. This book was released on 2022-05-15 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book concentrates on the changing patterns of work and global social order as a result of COVID-19. It scrutinizes these changes in order to point out the possible reasons for these changes following COVID-19. It sheds light on the differences between the condition of underdeveloped and developed countries, focusing on how they struggle to find ways of coping. The pandemic has changed the global social order. It has an impact on every aspect of life around the globe, from individual relationships to institutional operations and international collaborations. Societies are endeavoring to protect themselves despite severe restrictions, while the pandemic continues to upset family relations and overturn governance. COVID-19 has made it clearer than ever before that where many strains on the social sector occur, the current global system, with its interconnectedness and vulnerabilities, is under threat. Due to the changing patterns of economic and societal elements caused by COVID-19, further research is urgently needed to analyze these changing trends. The book portrays what work and the global social order will look like in the future. It is essential reading for anyone interested in these changes and the pst-COVID-19 reality.
Download or read book The New Common written by Emile Aarts and published by Springer Nature. This book was released on 2021-03-19 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book presents the scientific views of some fifty experts on how they believe the COVID-19 pandemic is currently affecting society, and how it will continue to do so in the years to come. Using the concept of a “common” (in the sense of common values, common places, common goods, and common sense), they elaborate on the transition from an Old Common to a New Common. In carefully crafted chapters, the authors address expected shifts in major fields like health, education, finance, business, work, and citizenship, applying concepts from law, psychology, economics, sociology, religious studies, and computer science to do so. Many of the authors anticipate an acceleration of the digital transformation in the forthcoming years, but at the same time, they argue that a successful shift to a new common can only be achieved by re-evaluating life on our planet, strengthening resilience at an individual level, and assuming more responsibility at a societal level.
Book Synopsis Political Economy of Development in the Global South Post-COVID-19 Pandemic by : Hebatallah Adam
Download or read book Political Economy of Development in the Global South Post-COVID-19 Pandemic written by Hebatallah Adam and published by Springer Nature. This book was released on 2023-08-12 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together contributions from the academic community, policymakers, and practitioners to delve into the profound challenges facing the international system in the aftermath of the COVID-19 pandemic. With a focus on the Global South, it offers a comprehensive analysis of the political economy of development in this region, considering the economic, social, and geopolitical factors at play. The book addresses the multifaceted challenges that developing countries encounter in terms of economic growth, poverty reduction, and social development in a post-pandemic world. It examines the impact of the pandemic on these countries and explores innovative strategies for promoting economic recovery and sustainable development. It is an invaluable resource for anyone interested in understanding the political economy of development in the Global South post covid-19 pandemic. It provides a comprehensive overview of the challenges facing developing countries and offers valuable insights into the potential solutions that can be implemented to foster economic recovery and development. Its interdisciplinary approach and diverse perspectives make it a valuable resource for anyone interested in the dynamics of development in the Global South.
Book Synopsis Changing World Economic Order in the Post-Pandemic Period by : Mahapatra, Sushanta Kumar
Download or read book Changing World Economic Order in the Post-Pandemic Period written by Mahapatra, Sushanta Kumar and published by IGI Global. This book was released on 2023-06-02 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Post COVID-19, the world will never be the same. The pandemic not only shattered many assumptions about economic developments and growth, but it also challenged our preparedness to face any unpredictable challenge as a human civilization in an era where science and technology is at its peak. To suppress the spread of COVID-19, many countries resorted to partial or full closure of their borders and restricted the movement of people. Mandatory quarantine restricted labor mobility and workplace closure, which later converted into supply shocks in the economy, as these measures impaired the economy’s production capacity, disrupting supplies. This later spilled over to the demand side as people were locked down in their homes and workers were laid off and lost income. This disruption posed many new challenges for policymakers to formulate appropriate macroeconomic policy responses and also provided them the opportunity to ponder upon the preparedness of countries in terms of health facilities, appropriately compensating human resources, how to cushion immediate and severe economic shocks, and how to maintain the livelihood of the society as a whole. Changing World Economic Order in the Post-Pandemic Period provides scientific knowledge of the current economic scenarios across the globe with a comprehensive overview of the pandemic and regional initiatives, trends of trade and development, and approaches to overcome obstacles of globalization and the impacts on global trade and economic development in light of the pandemic. The chapters present tangible solutions and attainable perspectives for fighting a battle against the pandemic while keeping the morale of the people and economy high. Highlighted topics include post-pandemic economic development, public policy in emergency situations, socio-economic impacts on enterprises, risk governance, and impacts of COVID-19. This book is ideally intended for university students, researchers, policymakers, economic actors, economists, practitioners, stakeholders, government officials, academicians, and anyone interested in the impact of a pandemic on the global economy and how to deal with such issues in the future.
