COVID-19 AND GLOBAL ECONOMIC OUTLOOK

Maria Vladimirovna Petrovskaya, Vladimir Z. Chaplyuk, Raju Mohammad Kamrul Alam, Md Nazmul Hossain, Ahmad S. Al Humssi

Research output: Chapter in Book/Report/Conference proceedingChapterResearchpeer-review

2 Citations (Scopus)

Abstract

The article investigates economic globalization under COVID-19 and global economic policies to curb the epidemic. The authors analyze the economic policies of most countries and the mechanism to respond to the changing circumstances in light of the epidemic. COVID-19 as an epidemic that appeared in October 2019 in the Chinese city of Wuhan (and it’s a new version that appeared in the United Kingdom and India in 2021) harmed the world economy, as borders between countries and even within countries were closed, which affected the economic activities of countries and among the most important indicators that affected the national product of countries, foreign trade, foreign direct investment and that unemployment rates have increased significantly both in developing and developed countries. It is also noted that the poverty rate has increased dramatically for developing countries. The article found that there are trivial linked responses from one country to another, due to several factors, the most important of which are the capabilities of countries and the health infrastructure on the one hand, and the economic factor on the other. Recommendations were developed in the research in overcoming the economic crisis through a situation that can help countries mitigate the negative economic effects of the global pandemic COVID-19.

Original languageEnglish
Title of host publicationResearch in Economic Anthropology
PublisherEmerald Group Holdings Ltd.
Pages127-139
Number of pages13
DOIs
Publication statusPublished - 30 Mar 2022

Publication series

NameResearch in Economic Anthropology
Volume42
ISSN (Print)0190-1281

Keywords

  • COVID-19
  • Foreign direct investment
  • Globalization
  • Poverty rate
  • Unemployment
  • World economy
  • World trade

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