scholarly journals Economic consequences of resource trade-offs for special disaster-blessed industries: the case of COVID-19 pandemic Economic consequences of COVID-19 pandemic

2021 ◽  
Vol 235 ◽  
pp. 02007
Author(s):  
Muhammad Jawad Sajid
Keyword(s):  
Economic Effects ◽  
Economic Consequences ◽  
Fiscal Policies ◽  
Comprehensive Model ◽  
Normal Functioning ◽  
Short Term ◽  
Excessive Demand ◽  
Trade Offs ◽  
The World ◽  
World Economic

The new COVID-19 pandemic has spread to almost every nation in the world. Most of the available literature on the economic effects of COVID-19 focuses mainly on the recessionary effects of COVID-19 on different industries and aggregate economies. However, some industries, such as masks (surgical and N95, etc.), ventilators and miscellaneous medical services, benefit economically from the current COVID-19 disaster. More and more resources have been diverted to these industries due to the increased demand of these special industries. Excessive demand from these special industries will eventually return to normal or, under special conditions, fall below their normal (usual) demand once the pandemic has ended. Which, in turn, will not only affect these special industries, but can also have an impact on the recovery of aggregate economies around the globe. The study presents a comprehensive model for the different phases of the short-term lifecycle of these special industries. Presentation of the working and economic backlash resulting from the eventual decline in demand of these industries may encourage world economic policymakers to look beyond the current disastrous situation and to devise the necessary monetary and fiscal policies for the future COVID-19 free era. Otherwise, it will be difficult for the economies recovering from COVID-19 pandemic to move back to normal functioning, because the additional resources (such as labor and capital) allocated to these special industries may be idle for some time, which may increase the burden and drag the recovering economies of the COVID-19 pandemic into a deeper recession even when the pandemic is over.

CONSEQUENCES OF THE COVID-19 PANDEMIC ON THE WORLD AND SERBIAN ECONOMY

2020 ◽  
Author(s):  
Ljiljana Stošić Mihajlović ◽  
Miloš Nikolić
Keyword(s):  
Economic Crisis ◽  
Industrial Revolution ◽  
Work Capacity ◽  
Economic Consequences ◽  
Current Crisis ◽  
The World ◽  
World Economic ◽  
Second Wave ◽  
High Share ◽  
World Economic Crisis

One of the biggest economic crises since the industrial revolution centuries ago is underway, and its intensity is still invisible. The current crisis is caused by the corona virus (COVID-19) pandemic. In March, when the corona began to take off all over the world, including in Serbia, leading epidemiologists claimed that it would be better from May, some even from June, guided by the thesis that warmer weather could stop the virus and bring life back. on the "old". It is now almost impossible to give any precise forecast, both from the health and economic aspect. The only thing that is certain is uncertainty, both for workers and managers and owners, and uncertainty often brings with it fear. The economic crisis of 2020 differs from the crisis of 2008 because the current one was caused by the states with their measures, and the last one was caused by the financial sector by uncontrolled risky behavior. The consequences will be similar, because again, the banks will warn the states that they have borrowed too much, as if the debt did not arise first in order for the banks to be saved. Unlike the world economic crisis that was current ten years ago, this crisis does not have a clear focus in the financial system that can be identified and acted upon with adequate measures. The economic consequences of the pandemic are greater the more economically underdeveloped the country is, and Serbia entered this crisis as a country burdened with numerous problems, a high share of public debt in GDP and developmentally dependent on foreign capital. The suspension of economic activity for a certain period and its restart in an environment of uncertainty and fear of the now certain second wave, are trends that some companies will survive with certain reductions in production and work capacity.

“I Think It’ll All Blow Over in the End”: How Young People Perceive the Impact of COVID-19 on Their Future Orientations

2020 ◽  
Author(s):  
Juul Henkens ◽  
Kirsten Visser ◽  
Catrin Finkenauer ◽  
Sander Tim Vermeulen ◽  
gonneke stevens
Keyword(s):  
Young People ◽  
Economic Consequences ◽  
Short Term ◽  
The World ◽  
Future Orientations ◽  
The Impact

The coronavirus disease (COVID-19) outbreak has changed the lives of young people all around the world drastically. Because young people’s future orientations are shaped by current experiences, COVID-19 and its social and economic consequences may impact young people’s future orientations. This study explored whether and how COVID-19 has affected young people’s future orientations by means of interviews with 71 Dutch young people with different sociodemographic backgrounds (37 before and 34 during the first months of COVID-19). Results revealed that young people felt COVID-19 had hardly any impact on their future orientations. In line with this, young people’s future orientations before and during COVID-19 were similar and hardly any of the participants mentioned COVID-19 spontaneously during the interview. A few young people indicated that they experienced some impact of COVID-19 on their current lives, short-term futures, or on the societal future in general. Young people’s idea that COVID-19 is temporary, the disconnect between the general future and their personal futures, and their flexible attitudes may partly explain why they did not feel their futures would be affected by COVID-19.

scholarly journals Country Risk Modeling in Indonesia: An Empirical Approach

2015 ◽  
Vol 7 (1) ◽  
pp. 155
Author(s):  
Muhammad Adnan ◽  
Sri Maemunah ◽  
Fitri Ismiyanti ◽  
Rudi Purwono
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Interest Rate ◽  
Significant Influence ◽  
Country Risk ◽  
Short Term ◽  
The World ◽  
World Economic ◽  
The Exchange Rate ◽  
The Interest Rate

<p>This study is intended to analyze the influence of internal and external risk factors considered relevant influencing the country risk. We find result of long term VECM estimation indicating that the exchange rate, the interest rate of certificate of Bank Indonesia (SBI) for 6 months and the world economic growth have positive and significant influence to country risk. Inflation, Indonesia economic growth, the Fed, and MSCI ACWI IMI return have negative and significant influence to country risk. All hypotheses presented in this study are theoretically and statistically accepted, except that the hypothesis on inflation is rejected because it is in controversy with theory, although statistically it has significant influence to the country risk in Indonesia.</p><p>Meanwhile the estimated output of VECM in a short term, the exchange rate, the interest rate of SBI for 6 months and the world economic growth have positive and significant influence to country risk. The Fed and MSCI ACWI IMI return have negative and significant influence to country risk. The hypotheses testing accepted from the estimated VECM in short term are the exchange rate, the SBI interest rate in 6 months, the Fed, the world economic growth and the return of MSCI ACWI IMI.</p>

scholarly journals Covid, the Environment and Food Systems: Contain, Cope and Rebuild Better

2021 ◽  
Vol 9 ◽  
Author(s):  
Anil Markandya ◽  
Jacob Salcone ◽  
Salman Hussain ◽  
Alexander Mueller ◽  
Simi Thambi
Keyword(s):  
Sustainable Development ◽  
Food Security ◽  
Food Systems ◽  
Grey Literature ◽  
Rural Livelihoods ◽  
Economic Effects ◽  
Economic Recovery ◽  
International Agencies ◽  
Trade Offs ◽  
The World

The objective of this paper is to analyse impacts of COVID-19 on the nexus of food systems, the environment and sustainable development and propose ways for governments and international agencies to mitigate impacts in the short and medium term. It covers the historic period from early 2020 to early 2021 and also makes an assessment on future prospects. Although evidence is collected from all around the world, the focus is primarily on developing countries. The methods used are a review of the announced actions and preliminary findings in the academic and grey literature as well as on reliable websites from global and international institutions. By October 2020, governments around the world had invested about $12 trillion to counteract the economic effects of COVID-19. This investment could contribute to progress on the SDGs and global climate targets insofar as it was invested within a framework that supports both socio-economic recovery and sustainability. Initial analysis indicates that investments for economic recovery did not sufficiently address food security and sustainability, concentrating instead on immediate economic risk management. The global sustainable development agenda must promote the resilience and sustainability of food systems through policies and measures that: i) account for environmental thresholds and trade-offs; ii) promote food security and healthy diets; iii) enhance and protect rural livelihoods; and iv) address the inequalities and injustices that have emerged and will prevail during a post-COVID transition. National stimulus programs and the actions of international agencies must be assessed and monitored to deliver multiple benefits simultaneously and guide building back better.

Strategy and Tactics of Monetary Policy during the World Economic Crisis

2010 ◽  
pp. 4-20 ◽  
Author(s):  
A. Nekipelov ◽  
M. Golovnin
Keyword(s):  
Monetary Policy ◽  
Economic Crisis ◽  
Exchange Rate Policy ◽  
Industrial Countries ◽  
Policy Goals ◽  
The World ◽  
Rate Policy ◽  
World Economic ◽  
World Economic Crisis ◽  
Qualitative Changes

The paper analyzes the qualitative changes in monetary policy goals and instruments during the world economic crisis of 2007-2009 in industrial countries and Russia; it represents the authors view on Russian monetary policy goals and results on different stages of crisis development. On the basis of the analysis the authors conclude on the necessity of active exchange rate policy in Russia, while developing interest rate instruments, and implementation of some exchange restrictions to prevent crisis contagion in the future.

Principles of Evolutionary Modernization of Transition Economies

2009 ◽  
pp. 85-96 ◽  
Author(s):  
E. Rustamov
Keyword(s):  
National Culture ◽  
Transition Economies ◽  
Transition Economy ◽  
World Economic Forum ◽  
Governance Mechanisms ◽  
Beneficial Use ◽  
Strategic Issues ◽  
The World ◽  
Comparative Advantages ◽  
World Economic

The article considers strategic issues of modernization of the transition economy. The analysis is based on the methodology of the World Economic Forum where special attention is paid to the sequence of the transformation stages. The main conclusion is that modernization should combine implementation of the governance mechanisms with the beneficial use of comparative advantages of the national culture. In fact, modernization of the transition economy should be evolutionary. It is precisely this course of development that is relevant for Azerbaijan which has successfully upgraded its economy in the recent years.

The world and Russia: Inflation is minimal, economic growth is slowing, risks are rising

2019 ◽  
pp. 5-23 ◽  
Author(s):  
Mikhail V. Ershov ◽  
Anna S. Tanasova
Keyword(s):  
Economic Growth ◽  
Financial Markets ◽  
World Economy ◽  
Domestic Demand ◽  
New Combination ◽  
Russian Economy ◽  
The World ◽  
World Economic ◽  
Money Creation ◽  
Main Factors

Russian economy has reached the low level of inflation, but economic growth has not accelerated. Moreover, according to official forecasts, in the following years it will still be low. The article concludes that domestic demand, which is one of the main factors of growth, is significantly constrained by monetary, budgetary and fiscal spheres. The situation in the Russian economy is still hampered by the decline of the world economic growth. The prospects of financial markets are highly uncertain. This increases the possibility of crisis in the world. Leading countries widely use non-traditional measures to support their economies in the similar environment. In the world economy as well as in Russia a principally new combination of factors has emerged, which create specific features of economic growth. It requires special set of measures to stimulate such growth. The article proves that Russian regulators have large unused potential to stimulate growth. It includes monetization, long-money creation, budget and tax stimuli. It is important that the instruments, which will be used, should be based on domestic mechanisms. This will strengthen financial basis of the economy and may encourage economic growth. Some specific suggestions as to their use are made.

World Economic Crisis as a Process of Substitution of Technological Modes

2009 ◽  
pp. 26-38 ◽  
Author(s):  
S. Glaziev
Keyword(s):  
Economic Crisis ◽  
Economic Activity ◽  
Sharp Increase ◽  
Energy Resources ◽  
Long Wave ◽  
The World ◽  
World Economic ◽  
Technological Mode ◽  
World Economic Crisis

The article analyzes fundamental reasons for the world economic crisis in the light of global technological shifts. It proves that it is caused by the substitution of technological modes. It is shown that sharp increase and slump in stock indices and prices for energy resources are typical of the process of technological substitution which occurs regularly according to the rhythm of long-wave fluctuations of the world economic activity. The article rationalizes a package of anti-crisis measures aimed at stimulating the new technological mode. Its structure and role of the locomotive factor of the new long wave of economic growth are revealed.

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