Economic Impact of COVID-19 Pandemic: Who are the Big Sufferers?

2020 ◽  
pp. 320-326
Keyword(s):  
Informal Economy ◽  
World Economy ◽  
Mitigation Measures ◽  
Economic Activities ◽  
Informal Workers ◽  
Indian Economy ◽  
The World ◽  
Daily Wage ◽  
Liberalisation Policy ◽  
The International Monetary Fund

The COVID-19 pandemic identified in Wuhan, China in December 2019, has spread almost to all the countries of the world. The mitigation measures imposed by most of the nations to prevent the spread of COVID-19 have badly hit the global economic activities. As per the latest estimates, the world economy is predicted to decline by 5.2 percent, and world trade is expected to drop by 13-32 percent in 2020 due to the COVID-19 pandemic. In this way it has created havoc in the world economy and the Indian economy is no exception. The International Monetary Fund (IMF) has estimated the Indian GDP growth at 1.9 percent and showed the worst growth performance of India after the liberalisation policy of 1991. According to the World Bank, the Indian economy will contract by 3.2 percent in 2020-21. Daily wage labourers and other informal workers, particularly migrant labourers of economically poor states were the worst hit during the lockdown period and will continue to be adversely affected even after the lockdown was relaxed. The paper suggested multiple measures to support the Indian economic and financial support to all the families of the informal economy workers to tide over this crisis.

scholarly journals Copied goods and the informal economy in Brazil and China: outlining a comparison of development models

2012 ◽  
Vol 9 (1) ◽  
pp. 333-359
Author(s):  
Rosana Pinheiro-Machado
Keyword(s):  
Informal Economy ◽  
World System ◽  
Commodity Chain ◽  
Economic Activities ◽  
Development Models ◽  
Brazilian State ◽  
Production Distribution ◽  
The World ◽  
Chinese State

Since the 1980s, China and Brazil became increasingly interconnected, based largely on the production, distribution and consumption of cheap Chinese products. These countries have different cultural and historical attitudes to copied goods and non-regulated economic activities. However, over the last decade the dominant nations of the world system have been strengthening enforcement against piracy. This means that China and Brazil are now supposed to deal with the so-called piracy and their marketplaces. Based on ethnographical research of the commodity chain from China to Brazil from 1999 to 2009, this paper argues that Brazil and China react in different ways to the repression of piracy imposed by major international actors. Despite the fact that the informal economy and the market for copies play an important role in both countries, the Chinese state views such activities as drivers of its development, while the Brazilian state interprets them as obstacles.

scholarly journals Challenges of Working From Homein Persistent Covid-19 Environment

2021 ◽  
Vol 14 (1) ◽  
pp. 85-97
Author(s):  
Chinnaiah. P.M ◽  
◽  
Smt. Chythra P ◽  
Keyword(s):  
Market Share ◽  
World Economy ◽  
Early Stage ◽  
Indian Economy ◽  
Working From Home ◽  
The World

The IT sector is one of the important sectors that contribute to the growth of Indian economy. The Industry adopted many measures to achieve a higher level of performance and to sustain their higher market share; one of such measures is working from Home (WFH). The Covid-19 pandemic badly affected the world economy. Therefore, to sustain the work progress the IT firms across the glove have adopted WFH method. Though there are many studies conducted to identify the challenges of working from home in the early stage of the covid-19. But, there are scant studies those who made attempt to identify the challenges of working from home and changes in these challenges in the persistent covid-19 environment. In the present study it is found that, there are seven challenges remain same as in the early stage of pandemic and eight previously identified challenges have changed into moderate challenges

Knowledge and Awareness on Economic impact of Covid-19 among Trichy city population - A survey

2020 ◽  
Vol 11 (SPL1) ◽  
pp. 558-566
Author(s):  
Kiran Srinivas B ◽  
Gayatri Devi R ◽  
Yuvaraj Babu K
Keyword(s):  
Economic Impact ◽  
World Economy ◽  
Online Survey ◽  
Daily Life ◽  
Communicable Disease ◽  
Indian Economy ◽  
City Population ◽  
The World ◽  
Entire World ◽  
The Government

Coronavirus disease [Covid 19] is an infectious communicable disease causing severe causality among the world’s population. A communicable disease with high intense spread rates originated from China. As a result the world has locked all its gates, prevails in the entire world. Economy the most affected sector in any country, daily life living is now restricted. The main aim of this study is to test the knowledge and create awareness on various attributes that are related to the Indian economy among the Trichy population. A self assessed questionnaire containing 14 questions about Indian economy during COVID 19 were framed and was shared through an online survey platform. The questionnaire was passed to 109 individuals. Responses from them were collected and were through SPSS. Many residents from Trichy are aware about various aspects that affect our economy. Most of the responses from them were relevant and correct, emphasizing that they are already aware in these fields. Pandemic plays an important role in deciding a country’s economy. It shows its effects on all sectors of the government. Measures should be adopted by the citizens in order to escape from this economic fever.

scholarly journals Orders of Antitrust Authority: an Instrument of Control over Economic Concentration or Negative Element of State Intervention

2020 ◽  
Vol 126 (1) ◽  
pp. 53-58
Author(s):  
K. V. Dozmarov ◽  
◽  
T. S. Basova ◽  
Keyword(s):  
World Economy ◽  
Preventive Measures ◽  
State Intervention ◽  
State Regulation ◽  
Economic Activities ◽  
Judicial Practice ◽  
Market Signals ◽  
Antitrust Laws ◽  
The World ◽  
Economic Concentration

Currently, the legal field in the field of economic concentration is formed by a variety of regulatory legal acts, departmental orders of the FAS Russia and judicial practice. Of course, these measures are aimed at promoting competition and suppressing violations of antitrust laws, but are always prescriptive and preventive measures by the state authorities universal for the economic activities of economic entities? The answer to this question will help to understand the analytical methods of economic theory, the scientific works of Nobel laureates of the world economy, as well as their own developed approaches of the authors of this article in antitrust practice. The present study was carried out in order to form a “visual interactive picture” for the reader to monitor the economic concentration affected by the problem of “unpredictable” market signals and administrative-command methods of state regulation.

scholarly journals Covid-19 Global, Pandemic impact on World Economy

2020 ◽  
Vol 11 ◽  
pp. 165-179
Author(s):  
Muhammad Fahad Sattar ◽  
Sehrish Khanum ◽  
Ahsan Nawaz ◽  
Muhammad Muzamal Ashfaq ◽  
Muhammad Anas Khan ◽  
...  
Keyword(s):  
Economic Crisis ◽  
World Economy ◽  
Economic Activities ◽  
Monetary Policies ◽  
Dual Nature ◽  
Corona Virus ◽  
Global Pandemic ◽  
The People ◽  
The World ◽  
The Impact

This exploratory study is carried out in April, 2020, when corona virus is spread all over the world and become Economic crisis 2020.The objective of this study is  to answer some questions arise in mind, how many countries infected and reduce their economic activities? What are effective fiscal and monetary policies at international level to address the crisis? Is monetary and fiscal policy used as vaccine to prevent the world economy from crisis?  It is a hot topic these days when world is facing this covid-19. Researcher get information from different website, international monetary fund(IMF), Organization of economic cooperation and development (OECD) Standard& poor’s, (S&P) rating agencies, and some past papers to explain the impact of Corona virus on world economy. Further explain the losses from one industry to another industry. And finally concluded that world economy is fighting with dual nature crisis. On one hand Death of million people from corona, other is fall down of economy. First challenge is to save the people from death, and secondly to save the world from economic crisis. But these two challenges are contradicted.  If want to save people lives then implemented stay at home, social distancing policy, and shut down the country. But we can save our people live but economy fall down sharply because of shut down all businesses in the country. If save economic crisis then people should go out and work as usual, world economy will boost but soon we will lose million or billion of people live which also effect the fall down economy. Policy maker, doctors and health care manufacturer should sit together find ways which is benefits for both people live and save economic crisis.

Military Expenditures and Socio-Economic Development in Africa: a Summary of Recent Empirical Research

1988 ◽  
Vol 26 (2) ◽  
pp. 319-325 ◽  
Author(s):  
Robert E. Looney
Keyword(s):  
World Economy ◽  
Commodity Prices ◽  
Economic Decline ◽  
Agricultural Prices ◽  
The World Bank ◽  
The World ◽  
Internal Policy ◽  
Military Expenditures ◽  
State Enterprises ◽  
The International Monetary Fund

Africa's dismal economic performance in recent years has spawned a rather vigorous debate over where to lay the blame for the contonuing crisis. The United Nations and assoviated agencies cite factors outside the control of indivedual fovernlents, and stress the detrimental inpact if the poor condition of the world economy, notably the decline in commodity prices and foreign aid. By way of contrast, the World Bank and the International Monetary Fund favour the school of thought that lays blame more directly on internal policy-making. Here the actions taken by government to distort, for example, exchange rates and agricultural prices, and to expand unprofitable state enterprises, are seen as the main reasons for the continent's economic decline.

International Monetary Fund

1958 ◽  
Vol 12 (2) ◽  
pp. 223-224 ◽  
Keyword(s):  
International Monetary Fund ◽  
World Economy ◽  
Balance Of Payments ◽  
Short Term ◽  
Underdeveloped Countries ◽  
International Bank ◽  
Board Of Governors ◽  
The World ◽  
General Aspects ◽  
The International Monetary Fund

The twelfth annual meeting of the Board of Governors of the International Monetary Fund was held jointly with the Board of Governors of the International Bank for Reconstruction and Development in Washington D.C., September 23–26, 1957, under the chairmanship of Miguel Cuaderno, Sr. Per Jacobsson, Managing Director, reviewed the activities of the Fund during the previous year. Emphasizing that the Fund's assistance was of a short-term nature and designed to enable countries to adopt and carry out, within a limited period of time, programs to restore stability to their economies, Mr. Jacobsson stated that the Fund was being used to help countries meet emergency needs, ease strain in the balance of payments, meet temporary exchange difficulties, and fulfill stabilization programs. Mr. Jacobsson went on to discuss various problems encountered in connection with the Fund's activities and cited, inter alia, multiple currency practices, Fund liquidity, and, in connection with general aspects of the world economy, inflation, relative values of currencies, and financing for underdeveloped countries.

scholarly journals The main stages of management accounting

2019 ◽  
Vol 3 ◽  
Author(s):  
Giyosov Ilhom Karimovich
Keyword(s):  
Human Resources ◽  
World Economy ◽  
Management Accounting ◽  
Enterprise Management ◽  
Complete Analysis ◽  
Economic Activities ◽  
Efficient Management ◽  
The World ◽  
Effective System ◽  
Enterprise Management System

In the conditions of globalization of the world economy, it is important to establish an effective system of management accounting at the enterprise. Management system requires efficient management of material, financial and human resources and a complete analysis of economic activities when applying management accounting.

scholarly journals What Does BRICS Mean for the Economies of the Member Countries: The Case of India

2020 ◽  
Vol 6 (S5) ◽  
pp. 1-7
Author(s):  
Nilay Ökten
Keyword(s):  
Developing Countries ◽  
Qualitative Methods ◽  
Economic Performance ◽  
World Economy ◽  
Indian Economy ◽  
Economic Level ◽  
The World ◽  
Quantitative And Qualitative Methods

The aim of this article is to summarize the purpose why BRICS emerged and how it has been affecting the economic performances of the member countries and the world economy itself as well. The reason why India is chosen as the case country to work on rest of the fact that India after its independence has recorded a very interesting growth on the economic level and particularly after its BRICS membership. This article analyzes what kind of a position India has taken and would take furthermore in such an economic platform that the world now presents for the countries. This article searches for an answer to the question stated in the title using the quantitative and qualitative methods and has obtained clear results. It is argued that BRICS is a very important support for the Indian economy and that the economies of developing countries can escape from the hegemony of the capitalist Northern industries, thanks to regional integrations such as BRICS. Therefore, this article has an aim to recover the economic performance of the country that was recorded before the membership to BRICS and see what happens after that.

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