scholarly journals COVID- 19 PANDEMIC IMPACT ON FREE ZONES

2020 ◽  
Vol 1 (12) ◽  
pp. 65
Author(s):  
Sandra Ezmale

COVID-19 pandemic has an impact on global economic activity, but the negative effects vary from country to country. The key factors determining the depth of the impact are the economic situation at the beginning of 2020, the features of the economic structure and the fiscal capacity of governments to help citizens, businesses and the economy as a whole. Free zones and special economic zones are historically perceived as places that, to some extent, protect investors from unpredictability and act as places where the weak business environment is mitigated. The article investigates the impact of pandemic COVID - 19 on the world's economic situation and free zones, as well as free zones forecasts on the economic recovery. The objective of the article – to analyse the impact of pandemic COVID-19 on the world free zones performance and global economic situation. Within the framework of the study has been characterised the impact of pandemic COVID - 19 on the world's economic situation, described the extent and nature of the COVID- 19 pandemic impacts on performance in the Free Zones, as well as has been described the impact of pandemic COVID 19 on the operation of free-zone enterprises in Latvia by analysing the example of Rezekne's special economic zone.The descriptive methods, document analysis, comparative analysis was used in the study, survey.

2008 ◽  
Vol 8 (1) ◽  
pp. 4-10 ◽  

AbstractIn this analysis of the future of our profession, Barbara Tearle starts by looking at the past to see how much the world of legal information has evolved and changed. She considers the nature of the profession today and then identifies key factors which she believes will be of importance in the future, including the impact of globalisation; the potential changes to the legal profession; technology; developments in legal education; increasing commercialisation and changes to the law itself.


Author(s):  
Michael Halim

The Coronavirus pandemic has caused negative effects across the globe; mortality and morbidity being the main impact. After WHO, termed the disease a pandemic in March 2020, they gave in health guidelines to follow to control the spread of the disease. The health industry, academia, and different governments are united to develop and test various vaccines at an unprecedented speed to combat the pandemic fully and bring the world back to its feet. Some of the vaccines developed include Pfizer, Moderna, and AstraZeneca. However, just like other viruses, the SAR-CoV-2 virus keeps changing through mutation, as various variants, different from the first one are emerging. Evidence shows that the three new variants; UK, Brazil, and South Africa are more severe in terms of transmissibility, disease severity, evading of the immune response, and reducing the ability to neutralized antibodies, compared to the original coronavirus. With such knowledge of the existence of different strains, the arises concerns on whether the already available vaccines are effective enough in preventing the new COVID-19 strains. Studies are still underdeveloped to learn more on the virologic, epidemiologic, and clinical characteristics of the ever-emerging variants. This research, through a systemic review of literature, seeks to find out whether the variants of SAR-CoV-2 have an impact on the efficacy of various vaccines developed in fighting the disease and the entire body’s immune response.


Author(s):  
Tuncay Dilci ◽  
Anıl Kadir Eranıl

This chapter examines the impacts of social media on children. Advantages and disadvantages of social media are always available. Positive aspects of social media include allowing children to be brought up as multicultural individuals, enabling education and training environments to design for purposes, using as the main or supplementary source of education, a great power in creating and sharing information. Its negative aspects include leading to a reduction of their academic, social, and cognitive skills in the early periods when children were exposed to the social media, causing the children to develop obesity, mostly bringing up as consumption-centered individuals, perceive the world as a screenshot, and have low critical, creative, and reflective thinking skills. Therefore, one of the most important tasks undertaken to reduce or eliminate the negative effects is to raise and educate media-literate individuals.


Author(s):  
Hisham H. Abdelbaki

<p class="MsoNormal" style="text-align: justify; margin: 0in 27pt 0pt;"><span style="font-family: Times New Roman;"><span style="color: #0d0d0d; font-size: 10pt; mso-bidi-language: AR-EG;">No doubt, the </span><span style="color: #0d0d0d; font-size: 10pt;">international financial crisis that started in the United States of America will cast its effects on all countries of the world, developed and developing. Yet these effects vary from one country to another for several reasons. The GCC countries would not escape these negative effects of this severe crisis. The negative effects of the crisis on gulf countries come from many aspects: first, decrease in price of oil on whose revenues the development programs in these countries depend; second, decrease in the value of US$ and the subsequent decrease in the assets owned by these countries in US$; third, a case of economic stagnation will prevail in the world with effects starting to appear. </span><span style="color: #0d0d0d; font-size: 10pt; mso-bidi-language: AR-EG;">It is obvious that this would be reflected on the real sector in the economies causing a series of negative effects through decrease of the world demand for exports of GCC countries of oil, petrochemicals and aluminum.<span style="mso-spacerun: yes;">&nbsp; </span>Lastly, increased inflation rates with decreased interest rates will result in a decrease in real interest with an accompanying decrease in incentives for saving and consequently investment and economic development. The main aim of the research is to assess the economic effects of the global financial crisis on GCC countries. The paper results are that the big reserves of foreign currencies achieved by the GCC countries in the past few years have helped increase their ability to bear the effects of the financial effects on one hand and their ability to adopt expansionary policies through pumping liquidity to absorb the regressive effects of the crisis on the other. The paper recommends the necessity of taking precautionary procedures for the effects which will result from the expansionary policies effective in GCC countries. <strong></strong></span></span></p>


2021 ◽  
Author(s):  
A.F. Abdurakhmanova ◽  
F.B. Ahrorov

Local food products of each region play an important role in the development of ecotourism. The availability of facilities for the consumption of local food in places where ecotourism is located is not only to meet the basic needs of tourists, but also to improve the economic situation of the local population. Therefore, this article discusses the food-related characteristics of tourists and the benefits of local gastronomy for both the local community and ecotourism tourists around the world.


2021 ◽  
Vol 12 (1) ◽  
pp. 23-43
Author(s):  
Bhim Bahadur Kunwar

This research aims to discover and present the impacts of COVID-19 in tourism in the context of Lumbini and its premises. As COVID-19 spread globally, it has created many challenges in health and security, daily lives, the national economy, and the global tourism industry. The COVID-19 outbreak has been considered as the most challenging tragedy that occurred in the world after the 2nd world war. The World Health Organization (WHO) had listed Nepal also as a country with a high-risk zone of COVID-19.The travel restriction and nationwide lock-down implemented by many countries including Nepal have resulted in a stranded traveler’s movement. As the consequences ticket reservation, flight services, transportation, hotel, and restaurants were closed and several job losses were registered in the tourism sector. The negative effects like fear, threat, frustration, and losing the confidence of tourism entrepreneurs appeared. This has brought changes in the tourists’ behavior and their motivation to travel for the next few years. In Lumbini businesses like lodges, hotels, restaurants, and travel offices were also severely affected by the pandemic. Thus, the tourism sector has been facing serious threats due to the prolonged lockdown and closing of tourism activities than the terror of COVID-19 itself.


2021 ◽  
Vol 2021 (2) ◽  
pp. 126-133
Author(s):  
Ye. Polishchuk ◽  
S. Zhabin ◽  
O. Nagorna

The article presents analytical materials of the survey, which was aimed at identifying the migration sentiments of Ukrainian scientists, as well as recommendations for mitigating the impact of migration processes on the economy of Ukraine. The purpose of the study is to identify various factors influencing the migration intentions of Ukrainian scientists and to develop practical recommendations for leveling their negative effects. The article contains information on gender, age and professional characteristics of those scientists who intend to leave Ukraine. The key issue of the study is the expectations of Ukrainian scientists about the reality of employment in a foreign research institution or university. The attitude of respondents to migration in terms of their intentions to carry out scientific or educational activities is considered. The study found that some scientists are ready to leave Ukraine even if they carry out activities not related to science or education. In addition, the results of the research showed the scientists' plans to return to Ukraine after the visit for 1) scientific and educational purposes, 2) the purpose of employment in another field, 3) the purpose of permanent residence. The survey found that a significant proportion of respondents found it difficult to answer questions related to migration, indicating their intention to stay in the country. The study also contains information on the impact of mobility for educational or scientific purposes. Thus, the results of the survey indicate the presence of the impact of scientific mobility on the effectiveness of scientists. The analysis of the data allowed to formulate evidence based recommendations for the development of state migration policy, which would be aimed more at attracting talent from abroad. Therefore, research institutions, universities, R&D centers should work intensively in this direction. Moreover, local businesses may also be in demand for such staff. In this regard, it is recommended that universities and research institutions focus on finding such needs and formulate their staffing proposals. In order to increase the efficiency of mobility, free economic zones and research institutions should develop incentives and create conditions for the implementation of foreign experience in their organizations. In addition, the purpose of scientific mobility should be consistent with the development strategy of the institution that sends the scientist abroad for scientific or educational mobility.


2021 ◽  
Vol 92 ◽  
pp. 07015
Author(s):  
Jaroslav Dado ◽  
Lenka Hvolkova ◽  
Janka Taborecka

Research background: Globalization - the process of increasing social, cultural, political, and economic interdependence - has resulted in several changes in business environment. Global market opportunities and threats are major effects of globalization; they refer to the increases in market potential, trade and investment potential and resource accessibility. Global market threats refer to the increases in the number and level of competition, and the level of uncertainty. Global competitors can have the impact on bankruptcy of local SMEs in less developed or smaller countries. Are globalization in economics and company bankruptcy related? In the past, the cause of bankruptcy was mainly in the company itself. The development of globalization has brought a number of positive as well as a number of negative consequences for several areas of society. Is one of the negative effects of globalization the bankruptcy of companies? Purpose of the article: The paper presents a classification of external and internal causes of bankruptcy and indicators of the threat of company bankruptcy. The paper also focuses on the results of the research analysis about the causes of small and medium-sized enterprises mortality in Slovakia and the impact of globalization factors as the causes of their bankruptcy. The analysis of bankruptcies is oriented on the research of the causes of small and medium-sized enterprises mortality in Slovakia and the influence of globalization factors as the causality of their bankruptcy. Methods: The research sample presents structured interview with 16 SMEs´ owners. They identified more aspects of globalization impact to Slovak SMEs bankruptcy. Findings & Value added: The results of research indicate that there is an evidence of impact of globalization on the bankruptcy of SMEs in Slovakia, but there are some differences among various industries.


2021 ◽  
Vol 6 (1) ◽  
pp. 43-54
Author(s):  
Boris Tušek ◽  
◽  
Ana Ježovita ◽  
Petra Halar

In today's chaotic, complex, unpredictable, and extremely dynamic business environment, it is more than ever essential to operate in a way that will ensure sustainable operations and demand for companies’ goods or services. Employing contemporary corporate governance, advanced information technology, and adequate financial management are significant foundations for sustaining high profitability and adequate financial stability as crucial objectives that ensure adding value for companies' owners. Covid-19 is an excellent stress test for every entity, as for micro-companies, so for the largest multinational corporations. Nowadays, in the era of the world Covid-19 pandemic, companies challenge to maintain business operations and going concern assumption. However, in every crisis or adverse situation, some companies take enormous benefits of it. Pharmaceutical and biotechnology companies can be characterized as the major players during this last, still actual crisis. Their role can be observed from two angles, first as a provider of necessary drugs for curing Covid-19 patients and from the other side, as a developer of effective and efficient vaccine which will ‘save the world’ and brought us back to the ‘old normal’. This paper seeks to investigate financial determinants that are the most significant for the profitability of the pharmaceutical and biotechnology companies. The question is how those companies coped with the Covid-19 crisis, and what is the impact on their profitability in 2020 compared to previous operating years? Another question is how is the development of the vaccine financed and are R&D expenses significantly increased in 2020? Therefore, the objective of the paper is to investigate the impact of the Covid-19 crisis on the profitability of global pharmaceutical and biotechnology companies. The research covers 52 entities on the global level for the period from 2010 to 2020. Data will be analysed by applying adequate panel data analysis and moderator regression analysis. Keywords: profitability ratios, pharmaceutical and biotechnology companies, Covid-19


2021 ◽  
Vol 55 (3) ◽  
pp. 930-952
Author(s):  
Marijana Maksimović ◽  
Neven Cvetićanin

The aim of this research is to examine how the coronavirus, which has become a global process, has affected the labour market. The goal is to confirm or reject the hypothesis that there has been an increase in unemployment since the beginning of the pandemic. Also, the aim is to answer the research question whether social dialogue has managed to mitigate the negative effects of the coronavirus (COVID-19). Analytical and descriptive methods were used in this research. The scientific research presented in this paper makes a significant contribution to the study of the impact of the coronavirus on the regions, economic activity and unemployment. The paper presents data on the number of the (un)employed in the world before the beginning of the pandemic and after the end of the first and most critical year.


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