IMPACT OF THE CORONAVIRUS PANDEMIC ON THE LEVEL OF INFLATION IN THE GLOBAL ECONOMY

2021 ◽  
Vol 3 (11) ◽  
pp. 245-250
Author(s):  
A. Rasha ◽  
◽  
Sergey P. Koltchin ◽  
Keyword(s):  
Global Economy ◽  
Social Distancing ◽  
The World ◽  
Travel Restrictions ◽  
The Impact

The COVID-19 pandemic has prompted many countries to implement social distancing, lock-downs and travel restrictions, bringing the global economy to an unprecedented collapse in peacetime. The article examines the impact of this collapse on the level of inflation in the global economy with some examples of countries in the world.

scholarly journals The Impact of the Pandemic on the Global Economy

2021 ◽  
Vol 104 (1-2) ◽  
pp. 230-241
Author(s):  
Tatia Gurtskaia Tatia Gurtskaia ◽  
Karlo Gurtskaia Karlo Gurtskaia
Keyword(s):  
Global Economy ◽  
World Economy ◽  
Government Support ◽  
Economic Losses ◽  
Retail Sales ◽  
Worst Case ◽  
Difficult Situation ◽  
The World ◽  
Travel Restrictions ◽  
The Impact

The pandemic has caused huge damage around the world. To date, more than 100 million people have been infected, more than 2 million have died, bringing us to self-isolation and causing a halt to economic activity as countries have imposed strict travel restrictions to halt the spread of the virus. The economic losses caused by the pandemic, the biggest economic shock in decades. The economic losses caused by the COVID-19 pandemic are largely driven by falling demand, meaning that consumers can no longer buy the goods and services available in the global economy. This situation is clearly evident in such affected areas as tourism and the hotel sector. To stop the spread of the virus, countries have imposed travel restrictions, which means that many cannot purchase tickets for holidays or business meetings. Such a reduction in consumer demand leads to the loss of planned revenue for airlines, they have to reduce the cost of flights, reduce the number of expenses. Without government support, the airline will eventually have to cut staff to cut costs, too. Despite the difficult situation in which the world economy finds itself, there are reasons to avoid the worst-case scenario. From past crises, governments have come to the conclusion that a recession caused by falling demand can be overcome by public spending. Accordingly, the authorities of many countries are increasing the assistance of their citizens and the availability of enterprises to cash, which is necessary for the maintenance of personnel during the pandemic. In addition, as practice shows, some industries benefit even in the face of a pandemic, for example, online retail sales, whose profit in 2020 was $ 3.9 trillion, as well as retail sales of food, government and medical industries have some economic growth that provides compensation for losses. Keywords: Pandemic, COVID-19, World Economy, Globalization, Crisis.

THE IMPACT OF COVID19 IN TOURISM SECTOR

2021 ◽  
pp. 61-63
Author(s):  
Vindhya P J ◽  
Ranjini R. Varma
Keyword(s):  
Global Economy ◽  
Foreign Currency ◽  
Tourism Industry ◽  
Good Growth ◽  
Social Distancing ◽  
Travel And Tourism ◽  
Global Recession ◽  
Tourism Sector ◽  
Travel Restrictions ◽  
The Impact

The tourism industry generally incorporates many industries including lodging, transport, travel companies etc. globally, travel and tourism directly contributed approximately. The tourism sector has been considered as a good growth of the economy. Global tourism is an invisible export that creates a ow of foreign currency into the economy. Unexpected conditions of global recession emerged, travel restrictions, lockdowns and social- distancing. Thus, it is understood that the impact of covid-19 pandemic has effect the tourism sector. This study is mainly conducted in order to nd out how deep the impact of covid-19 pandemic has effect the tourism industry in general and in India as well. Hence, there is no doubt that the global economy need to come out of this pandemic as soon as possible. Experts has emphasized on the need and potential to tap domestic tourism and thereby make use of its forward as well as backward linkages to stimulate the economic indicators. The travel and tourism industry sector requires constructing the approach by introducing the essential measures like, social distancing, wearing mask when stepping out, changing people's social behavior. The capitalizing on safety and hygiene would reassure customers in availing their services.

scholarly journals COVID-19 pandemic: A review of the global lockdown and its far-reaching effects

2021 ◽  
Vol 104 (2) ◽  
pp. 003685042110198
Author(s):  
Helen Onyeaka ◽  
Christian K Anumudu ◽  
Zainab T Al-Sharify ◽  
Esther Egele-Godswill ◽  
Paul Mbaegbu
Keyword(s):  
Mental Health ◽  
Global Economy ◽  
World Health ◽  
Global Pandemic ◽  
The World ◽  
Education Delivery ◽  
Environmental Air ◽  
Health Organization ◽  
Almost All ◽  
The Impact

COVID-19, caused by the severe acute respiratory syndrome coronavirus-2 (SARS-CoV-2), was declared a pandemic by the World Health Organization (WHO) on the 11th of March 2020, leading to some form of lockdown across almost all countries of the world. The extent of the global pandemic due to COVID-19 has a significant impact on our lives that must be studied carefully to combat it. This study highlights the impacts of the COVID-19 pandemic lockdown on crucial aspects of daily life globally, including; Food security, Global economy, Education, Tourism, hospitality, sports and leisure, Gender Relation, Domestic Violence/Abuse, Mental Health and Environmental air pollution through a systematic search of the literature. The COVID-19 global lockdown was initiated to stem the spread of the virus and ‘flatten the curve’ of the pandemic. However, the impact of the lockdown has had far-reaching effects in different strata of life, including; changes in the accessibility and structure of education delivery to students, food insecurity as a result of unavailability and fluctuation in prices, the depression of the global economy, increase in mental health challenges, wellbeing and quality of life amongst others. This review article highlights the impacts of the COVID-19 pandemic lockdown across the globe. As the global lockdown is being lifted in a phased manner in various countries of the world, it is necessary to explore its impacts to understand its consequences comprehensively. This will guide future decisions that will be made in a possible future wave of the COVID-19 pandemic or other global disease outbreak.

The world economy

1998 ◽  
Vol 165 ◽  
pp. 35-42
Author(s):  
Nigel Pain
Keyword(s):  
Capital Market ◽  
World Trade ◽  
Global Economy ◽  
World Economy ◽  
Domestic Demand ◽  
The World ◽  
Asian Economies ◽  
Trade Growth ◽  
The Impact ◽  
The Capital Market

Developments in the Asian economies have clearly begun to be felt in the wider global economy in recent months. It has always been expected that the OECD economies would be affected by the aftermath of the capital market turmoil last year, although the timing and magnitude of the impact was difficult to predict. Domestic demand in the affected Asian economies has proved much weaker than expected, with the effects magnified by a continued downturn in Japan. GDP fell by 5¾ per cent in Korea in the first quarter of this year and by 1¼ per cent in Japan. The aggregate volume of merchandise imports in Asia is expected to decline by around 5½ per cent this year, with falls of up to 25 per cent in countries such as Korea, Thailand and Indonesia. This largely accounts for our projected decline in world trade growth to under 6 per cent this year from an estimated 9¾ per cent in 1997.

Hospitalitas Kristen Yang Hampir Hilang Pada Kasus Kematian Salah Satu Anggota Masyarakat Di Dusun Beringin, Luwu Utara, Sulawesi Selatan Akibat Covid-19

2021 ◽  
Author(s):  
desna rura sarapang
Keyword(s):  
Virus Disease ◽  
Social Distancing ◽  
Indonesian Government ◽  
Risk Of Death ◽  
The Earth ◽  
Corona Virus ◽  
The World ◽  
Global World ◽  
The Impact ◽  
Christian Hospitality

The emergence of a new virus in the global world at the end of 2019, namely Corona Virus Disease 2019, brought tremendous excitement to all inhabitants of the earth. The emergence of this virus brings tremendous concern and fear to the world because the spread of this virus is quite fast, even the most frightening is that the risk of death of people exposed to this virus is very large. Indonesia itself, cannot avoid the impact of this Covid-19 case. As a form of efforts to prevent and minimize transmission of the virus, the Indonesian government has issued a social distancing / physical distancing recommendation. This situation also causes the interaction between communities to be very limited. This situation seems to be able to eliminate hospitality among the community. This paper aims to emphasize the importance of maintaining the value of Christian hospitality in society amid the Covid-19 pandemic.

scholarly journals The Impact of Covid-19 to Indonesian Education and Its Relation to the Philosophy of “Merdeka Belajar”

2020 ◽  
Vol 1 (1) ◽  
pp. 38-49 ◽  
Author(s):  
Azmil Abidah ◽  
Hasan Nuurul Hidaayatullaah ◽  
Roy Martin Simamora ◽  
Daliana Fehabutar ◽  
Lely Mutakinati
Keyword(s):  
Online Learning ◽  
Position Paper ◽  
Point Of View ◽  
Digital Learning ◽  
Ministry Of Education ◽  
Social Distancing ◽  
The World ◽  
The Impact ◽  
Official Information

The Covid-19 pandemic is now beginning to spread to the world of education. The Ministry of Education and Culture (MOEC) is currently based on official information, ready with all scenarios, including encouraging online learning for students. This article is a kind of position paper—it clearances one side of a debatable opinion about a hot issue. The aim of a position paper is to persuade the reader that our opinion is valid and defensible. In regards to our position as researchers, then, the point of view is separated into four parts: The philosophy of “Merdeka Belajar”, physical distancing, social distancing and self-quarantine, digital learning in Indonesia to face Covid-19, ‘Merdeka Belajar’, digital learning, Covid-19, and authors’ view.

scholarly journals HORIZONS OF RESEARCH IN GEOGRAPHY OF THE WORLD ECONOMY

HERALD ◽  
2017 ◽  
Vol 8 (20) ◽  
Author(s):  
Vladimir Alexandrovich Kolosov ◽  
Elena Alexandrovna Grechko ◽  
Xenia Vladimirovna Mironenko ◽  
Elena Nikolayevna Samburova ◽  
Nikolay Alexandrovich Sluka ◽  
...  
Keyword(s):  
Developing Countries ◽  
Division Of Labor ◽  
Global Economy ◽  
World Economy ◽  
Spatial Organization ◽  
Modern World ◽  
High Tech ◽  
Research Activities ◽  
The World ◽  
The Impact

The advent of "world economic transition" and the formation of a multipolar world is closely linked, according to experts, with loss of globalization advances, which strengthens regionalism, increases diversification and fragmentation of the modern world, creating risks and threats to the world development. In this light studying the spatial organization of the global economy becomes more important, and at the same time that complicates the choice of priorities in the research activities of the Department of geography of the world economy, Faculty of Geography, Moscow State Lomonosov University in 2016-20, requiring a new research “ideology”. The article summarizes some ideas expressed by the department staff. It specifies that concept of territorial division of labor, as well as the defined set of key actors in the world economy and common assumptions regarding their contributions to its development needs a significant revision. The above firstly concerns giant developing countries, in particular rapidly growing China – a kind of locomotive entraining other developing states. Further, the impact of multinationals on the overall architecture and the territorial organization of the global economy becomes more and more tangible. This phenomenon requires the creation of a new scientific area of concern – the corporate geography as a tool to thoroughly investigate the transnational division of labor. Changes in the balance of acting forces are closely related to changes in industry composition and spatial organization of the global economy. The article raises the issues of development of such processes as tertiarization of the economy, reindustrialization and neoindustrialization, the latter being understood as an evolutionary transition to a knowledge-intensive, high-tech, mass labor-replacing and environmentally efficient industrial production. Basing on preliminary research from the standpoint of a relatively new methodological approach – formation of value chains – the vector of "geographical transition" " in their creation from developed to developing countries was designated. This means increasing complexity of the territorial structure of the world economy and an increase in the importance of semi-periphery. A spatial projection of globalization processes in the form of emerging “archipelago of cities”, which consolidates the international network of TNCs as the supporting node frame of the global economy requires close attention and analysis. The need of comprehending the study scope in the field of geography of the world economy in medium Atlas Information Systems (AIS), which in terms of functionality belong to the upper class of electronic atlases, is noted.

scholarly journals The Caribbean and its Linkages with the World

2019 ◽  
Vol 2019 (256) ◽  
Author(s):  
Mauricio Vargas ◽  
Daniela Hess
Keyword(s):  
Global Economy ◽  
Caribbean Region ◽  
Financial Variables ◽  
The World ◽  
Trading Partners ◽  
Global Var ◽  
The Caribbean ◽  
Using Data ◽  
The Impact ◽  
The U.S

Using data from 1980-2017, this paper estimates a Global VAR (GVAR) model taylored for the Caribbean region which includes its major trading partners, representing altogether around 60 percent of the global economy. We provide stilyzed facts of the main interrelations between the Caribbean region and the rest of the world, and then we quantify the impact of external shocks on Caribbean countries through the application of two case studies: i) a change in the international price of oil, and ii) an increase in the U.S. GDP. We confirmed that Caribbean countries are highly exposed to external factors, and that a fall in oil prices and an increase in the U.S. GDP have a positive and large impact on most of them after controlling for financial variables, exchange rate fluctuations and overall price changes. The results from the model help to disentangle effects from various channels that interact at the same time, such as flows of tourists, trade of goods, and changes in economic conditions in the largest economies of the globe.

scholarly journals Interdisciplinary approaches to the new paradigm of the global financial and monetary architecture after the Covid 19 pandemic crisis in correlation with the social problems in the EU countries

2021 ◽  
Vol 129 ◽  
pp. 01008
Author(s):  
Ghenadie Ciobanu ◽  
Raluca Florentina Cretu ◽  
Mihai Dinu ◽  
Florin Dobre
Keyword(s):  
Global Economy ◽  
Social Systems ◽  
National Level ◽  
Value Added ◽  
Economic Problem ◽  
New Paradigm ◽  
Interdisciplinary Approaches ◽  
The Social ◽  
The World ◽  
The Impact

Research background: How will the world change after the pandemic? What will be the trends of the global economy after the pandemic in the conditions of digital transformations and the impact of other cutting-edge technologies that will change both the global paradigms of the world economy and the global financial and monetary architecture? It is a problem both globally and in each country. Purpose of the article: In this article we aim to examine the processes of transformation of the financial architecture worldwide in the current conditions of financial-monetary globalization, but also of the revolutionary transformations of digitalization and cybersecurity of national, regional, and global financial systems. Research method: We start from the historical approach of the world financial and monetary phenomenon in correlation with the social evolutions. Another method of research is longitudinal: the study of the world financial and monetary phenomenon in time in the context of building the new paradigm of development at the global level with the transition of building paradigms at the national level. In this context, the statistical method and the method of collecting statistical information are also necessary. Findings & Value added: In the conditions when many countries face various serious problems of social, demographic, mass population migration, imbalances in labor markets, declining quality of life, the new international financial-monetary paradigms, but also regional and national ones demand to be correlated by promoting current policies and building economic, financial-monetary and social systems that correspond to solving these socio-economic problem.

Teams of Leaders Concept (ToL) and E-Business Operations

2010 ◽  
pp. 488-503
Author(s):  
Dag von Lubitz
Keyword(s):  
Information Technology ◽  
Knowledge Management ◽  
Paradigm Shift ◽  
Scientific Revolution ◽  
Global Economy ◽  
Business Operations ◽  
The World ◽  
Impact Of Technology ◽  
The Impact ◽  
Information And Knowledge Management

Information Technology (IT), and the subsequent broad acceptance of Information and Knowledge Management (IM/KM) methods revolutionized the way business is thought of and practiced. With e-business facilitating the ability to do more, more, faster, at a wider range, and to influence ever larger and more diverse consumer groups, the impact of technology on commerce, finance, and global economy has been frequently compared to the “paradigm shift” that Kuhn (1970) proposed as the essence of scientific revolution. Yet, despite the transformational influence of modernity on the ancient art, the fundamental principles of business have not changed: overreliance on the facilitation of business operations as the substitution for the adherence to the soundness of their conduct fuelled rampant growth of corporate laisse faire, and already twice brought the world to the brink of economic disaster (Stiglitz, 2003; Steingart, 2008).

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