scholarly journals The COVID-19 Pandemic and its impact on the global labour market: an analysis of emerging trends (part two)

2021 ◽  
Vol 17 (2) ◽  
pp. 216-227
Author(s):  
Yuri Odegov ◽  
Anton Razinov

In the context of the economic crisis caused by the spread of coronavirus infection, the global labour market has faced serious challenges, on the timeliness and effectiveness of the response to which the viability of the world economy today depends. The crisis is global in nature and has a significant impact on investment, global value chains, and international trade, with serious consequences not only for the economy but also for the working-age population in all countries of the world. The global economic turmoil caused by the coronavirus pandemic requires a thorough analysis of the scale of its consequences in order to determine the most rational solutions. A situation of uncertainty about the future, fear of devastating consequences, and pessimistic forecasts were the companions of the first days of the pandemic. This article provides the first estimates of the level of unemployment and employment in various countries of the world in 2020. The article is divided into two parts due to its large volume. The first part analyzed the impact of the COVID-19 pandemic on the level of employment in various countries of the world, its consequences for the global labour market in the context of changes in the income of employees, and the amount of time worked. The features of the adaptation of the labor markets of individual countries of the world, as well as the reasons for the differences in the dynamics of the unemployment rate in different regions of the world, are revealed. The calculations of the employment elasticity coefficient for GDP for a number of countries of the world are carried out, the analysis of the obtained values is carried out. The segments of the labour market that are most affected by the impact of the pandemic are identified. The second part of the article identifies the main trends inherent in the Russian labour market before the outbreak of the epidemic and the trends whose outlines became visible during its manifestation. The essence of the main changes that occurred due to the need to adapt to new conditions is revealed. The main differences from the mechanisms of selfregulation of the labour market, which appeared during the previous economic shocks, are revealed. The impact of the pandemic on informal employment in the Russian economy is considered

2021 ◽  
Vol 17 (1) ◽  
pp. 9-20
Author(s):  
Yury Odegov ◽  
Anton Razinov

In the context of the economic crisis caused by the spread of coronavirus infection, the global labour market has faced serious challenges, on the timeliness and effectiveness of the response to which the viability of the world economy today depends. The crisis is global in nature and has a significant impact on investment, global value chains and international trade, with serious consequences not only for the economy, but also for the working-age population in all countries of the world. The global economic turmoil caused by the coronavirus pandemic requires a thorough analysis of the scale of its consequences in order to determine the most rational solutions. A situation of uncertainty about the future, fear of devastating consequences, and pessimistic forecasts were the companions of the first days of the pandemic. This article provides the first estimates of the level of unemployment and employment in various countries of the world in 2020. The article is divided into two parts due to its large volume. The first part reveals the reasons for the differences in the dynamics of unemployment in different countries of the world, calculates the elasticity of employment by GDP, considers the consequences of the pandemic for the global labor market in the context of changes in workers' incomes, and identifies the segments of the labor market that are most susceptible to impact. The second part of the article examines in detail the state of the Russian labour market and the dynamics of the main indicators of socioeconomic development of Russia before and during the pandemic, provides forecast values of indicators, reveals the features of adaptation of the Russian labor market to new challenges and their differences from the mechanisms of self-regulation during previous economic shocks, while focusing on the changes occurring in the informal sector of the Russian economy


Author(s):  
Yury Odegov ◽  
Anton Razinov

In the context of the economic crisis caused by the spread of coronavirus infection, the global labour market has faced serious challenges, on the timeliness and effectiveness of the response to which the viability of the world economy today depends. The crisis is global in nature and has a significant impact on investment, global value chains and international trade, with serious consequences not only for the economy, but also for the working-age population in all countries of the world. The global economic turmoil caused by the coronavirus pandemic requires a thorough analysis of the scale of its consequences in order to determine the most rational solutions. A situation of uncertainty about the future, fear of devastating consequences, and pessimistic forecasts were the companions of the first days of the pandemic. This article provides the first estimates of the level of unemployment and employment in various countries of the world in 2020. The article is divided into two parts due to its large volume. The first part reveals the reasons for the differences in the dynamics of unemployment in different countries of the world, calculates the elasticity of employment by GDP, considers the consequences of the pandemic for the global labor market in the context of changes in workers' incomes, and identifies the segments of the labor market that are most susceptible to impact. The second part of the article examines in detail the state of the Russian labour market and the dynamics of the main indicators of socioeconomic development of Russia before and during the pandemic, provides forecast values of indicators, reveals the features of adaptation of the Russian labor market to new challenges and their differences from the mechanisms of self-regulation during previous economic shocks, while focusing on the changes occurring in the informal sector of the Russian economy


2020 ◽  
Vol 2 (10) ◽  
pp. 87-91
Author(s):  
Yu. E. KLISHINA ◽  
◽  
O. N. UGLITSKIKH ◽  

The article provides an overview of the impact of the coronavirus pandemic on the tourism industry. The contribution of the tourism industry to GDP and employment of the population is also considered. In particular, the impact of the pandemic on insurance in tourism was considered. The tourism industry is one of those sectors of the Russian economy that was among the first to be hit by the novel coronavirus infection. We are talking about a blow not only viral, medical – after all, the first outbreak in Russia was a consequence of the return of citizens from foreign travel, but also a financial blow – due to the spread of COVID-19 around the world, current tours had to be interrupted, and those planned at a later date – cancel or reschedule. In such conditions, tour operators, travel agents, carriers and other participants in the tourist services market suffered serious losses.


2020 ◽  
Vol 1 (19) ◽  
pp. 39-46
Author(s):  
T. V. Pinchuk ◽  
N. V. Orlova ◽  
T. G. Suranova ◽  
T. I. Bonkalo

At the end of 2019, a new coronavirus (SARS-CoV-2) was discovered in China, causing the coronavirus infection COVID-19. The ongoing COVID-19 pandemic poses a major challenge to health systems around the world. There is still little information on how infection affects liver function and the significance of pre-existing liver disease as a risk factor for infection and severe COVID-19. In addition, some drugs used to treat the new coronavirus infection are hepatotoxic. In this article, we analyze data on the impact of COVID-19 on liver function, as well as on the course and outcome of COVID-19 in patients with liver disease, including hepatocellular carcinoma, or those on immunosuppressive therapy after liver transplantation.


2020 ◽  
Vol 11 (SPL1) ◽  
pp. 1198-1201
Author(s):  
Syed Yasir Afaque

In December 2019, a unique coronavirus infection, SARS-CoV-2, was first identified in the province of Wuhan in China. Since then, it spread rapidly all over the world and has been responsible for a large number of morbidity and mortality among humans. According to a latest study, Diabetes mellitus, heart diseases, Hypertension etc. are being considered important risk factors for the development of this infection and is also associated with unfavorable outcomes in these patients. There is little evidence concerning the trail back of these patients possibly because of a small number of participants and people who experienced primary composite outcomes (such as admission in the ICU, usage of machine-driven ventilation or even fatality of these patients). Until now, there are no academic findings that have proven independent prognostic value of diabetes on death in the novel Coronavirus patients. However, there are several conjectures linking Diabetes with the impact as well as progression of COVID-19 in these patients. The aim of this review is to acknowledge about the association amongst Diabetes and the novel Coronavirus and the result of the infection in such patients.


Author(s):  
Praveen Jha ◽  
Archana Prasad

This essay highlights the impact of neoliberalism on the world of work with particular reference to India. It provides a brief overview of the structural transformations and their impact on the growing vulnerability of workers, with particular focus on the deepening and reconfiguration of informality within the current labour scenario. The first section provides a brief profile of labour in India with a focus on the last decade. It shows how the emerging trends are marked by regional and social unevenness, with particularly adverse outcomes for women and vulnerable social groups. The second section explores different dimensions of growing insecurity of work, particularly with respect to hours of work and wages. The third section examines some of the major reasons for deteriorating conditions of work by locating in an overview of the long-term structural failures and the ascendency of neoliberal policies in the recent years. In the fourth section we follow this up by a discussion of the recent State-led labour reforms and their role in accelerating flexibilisation in the world of work and the essay closes with a very brief concluding remark regarding the contemporary labour scenario in section five.


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.


2011 ◽  
Vol 1 (3) ◽  
pp. 249
Author(s):  
Daina Znotiņa

Globalization is a process connected with economical, social, technological, political and other changes, as a result many countries of the world and geographical regions are becoming more related, but also more dependent from each other. In practice the globalization can be expressed as increasing flow of goods and services, as well as capital, money and workflow among countries. The globalization process can be also described as distribution of more intense information and knowledge, as well as technologies and innovations in the world. The article examines the theoretical aspects of globalization impact on changes in labour market. The author analyses impact of migration process on labour market and its development tendencies in Latvia.


Author(s):  
K. Y. Izguttiyeva ◽  
L. A. Tussupova ◽  
E. M. Yeralina

In the context of a pandemic, many enterprises take actions and make specific decisions in conditions of uncertainty,since it is absolutely impossible to predict the development of the pandemic and its possible consequences on the territory of other countries of the world. Thus, business activity also remains in an environment of uncertainty and is subject to a variety of factors that can not only negatively affect certain aspects of their activities, but can also lead to the complete destruction of the business entity. The relevance of the research topic is shown in the identification of the consequences of the coronavirus pandemic and their assessment on the modern labour market. An increasing number of employers' requirements for employees are associated with soft-skills. These include critical thinking, self-management, problem solving, learnability, resilience to stress, flexibility, and etc. The purpose of the study was to assess the current situation in the world and domestic labour market. The object of research was the labour market of the leading countries of the world: the United States, China, great Britain and Canada. The result of the study was the conclusion about further changes in the demand for labour and the conclusion about what the domestic labour market is waiting for in the future.


2020 ◽  
Vol 99 (6) ◽  
pp. 32-51
Author(s):  
L.S. Namazova-Baranova ◽  
◽  
A.A. Baranov ◽  
◽  

A year ago, the world heard about an outbreak of a new severe coronavirus infection in China, which later, after its rapid spread across the globe, WHO defined as a pandemic. Pediatricians, of course, expected the worst-case scenario and mass illness of the most vulnerable patients – children and people of older age groups with a new infectious disease. From the immunological point of view, everything is obvious – the new pathogen is most dangerous for those who have not yet formed a defense against it, or for those with weakened defense. But it quickly became clear that, unlike, for example, a flu pandemic, there is an unexpected situation when adults, including elderly and senile patients, become seriously ill and die, and children remain practically outside the spread of the infectious process. During a year of living «in a new reality», not only physicians, but all of humanity learned to respond to a new infectious challenge, empirically looking for possible therapeutic or diagnostic interventions and at the same time trying to plan and implement scientific research that would help shed light on the questions posed. For the first time, the international medical community united to perform serious clinical trials of drugs that were proposed for the treatment or prevention of COVID-19. As a result of actions of scientists and clinicians around the world, answers to some questions were obtained, however, most of the information on the impact of the new coronavirus on the human body, including children, is still unavailable to medical practitioners. The review presents latest data on the causative agent of the new coronavirus infection, its effect on the body of children and adults, describes peculiarities of immune response to the new virus, and outlines basic principles of managing such patients in real clinical practice.


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