The effects of COVID-19 on global economic output and sustainability: evidence from around the world and lessons for redress

IF 3.6 Q2 ENVIRONMENTAL STUDIES Sustainability: Science, Practice, and Policy Pub Date : 2021-01-01 DOI:10.1080/15487733.2020.1860345

Anthony Kwame Morgan, Beatrice Aberinpoka Awafo, Theophilus Quartey

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引用次数: 35

Abstract

Abstract The coronavirus pandemic has ravaged the world, and its impact has permeated virtually all facets of society. The next wave of the COVID-19 shock will trigger another or more protracted recession in many countries, with annual growth projected to fall below recessionary thresholds. The resulting hit to global income as compared with forecasts for 2020 and 2021 will be enormous. The situation will be more precarious for developing countries across different income categories that are struggling with unsustainable debt burdens. Firms should implement business-continuity plans and ensure readiness for business constraints by prioritizing critical business activities and creating contingency plans for disruption. Governments should implement support programs to avert these difficulties. The shock to labor supply in each country should be managed in a manner that does not leave a post-COVID-19 world more disastrous. Close cooperation among all relevant actors is key to containing COVID-19 and mitigating its economic repercussions on countries around the globe. In addition, better waste management and commitment to climate change must take center stage to reduce the environmental impacts of COVID-19 on countries and the world.

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2019冠状病毒病对全球经济产出和可持续性的影响:来自世界各地的证据和补救教训

冠状病毒大流行肆虐全球，其影响几乎渗透到社会的各个方面。下一波COVID-19冲击将在许多国家引发另一次或更持久的衰退，预计年增长率将跌破衰退阈值。与2020年和2021年的预测相比，由此对全球收入造成的冲击将是巨大的。对于正在与不可持续的债务负担作斗争的不同收入类别的发展中国家来说，情况将更加不稳定。公司应该实施业务连续性计划，并通过确定关键业务活动的优先级和制定中断的应急计划，确保为业务约束做好准备。政府应实施支持计划以避免这些困难。应对各国劳动力供应受到冲击的方式，不能让后covid -19时代的世界变得更加灾难性。所有相关行为体之间的密切合作是遏制COVID-19并减轻其对全球各国经济影响的关键。此外，为了减少COVID-19对各国和世界的环境影响，必须将更好的废物管理和应对气候变化的承诺放在中心位置。

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来源期刊

Sustainability: Science, Practice, and Policy Social Sciences-Geography, Planning and Development

CiteScore

12.00

自引率

0.00%

发文量

审稿时长

27 weeks

期刊介绍： Sustainability: Science, Practice and Policy is a refereed, open-access journal which recognizes that climate change and other socio-environmental challenges require significant transformation of existing systems of consumption and production. Complex and diverse arrays of societal factors and institutions will in coming decades need to reconfigure agro-food systems, implement renewable energy sources, and reinvent housing, modes of mobility, and lifestyles for the current century and beyond. These innovations will need to be formulated in ways that enhance global equity, reduce unequal access to resources, and enable all people on the planet to lead flourishing lives within biophysical constraints. The journal seeks to advance scientific and political perspectives and to cultivate transdisciplinary discussions involving researchers, policy makers, civic entrepreneurs, and others. The ultimate objective is to encourage the design and deployment of both local experiments and system innovations that contribute to a more sustainable future by empowering individuals and organizations and facilitating processes of social learning.