Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-6900-9.ch001
Irfan Kalaycı
The subject and purpose of this study is to examine the new type of coronavirus disease (COVID-19), which has turned into a global epidemic, with an economic-political approach. There are twin crises in the form of a health crisis (high human deaths) and an economic crisis (recession). Trillion-dollar aid packages from governments and international financial organizations also show that this global public health crisis has created an economic crisis. In the context of these crises, G-20 countries that did not intervene in their transmission channels in a timely manner showed the worst situations. This epidemic, calculated with the SIR model, is global, but the measures are local. What makes a clean, masked, and socially distant life obligatory against the risk of contamination is that this epidemic locks or restricts the whole economy, especially trade, education, and tourism. Measures called “new normalization” have started to relax in order to prevent further increase in unemployment and poverty.
{"title":"An Essay on the Political Economy Effects of the COVID-19 Pandemic as Twin Crises","authors":"Irfan Kalaycı","doi":"10.4018/978-1-7998-6900-9.ch001","DOIUrl":"https://doi.org/10.4018/978-1-7998-6900-9.ch001","url":null,"abstract":"The subject and purpose of this study is to examine the new type of coronavirus disease (COVID-19), which has turned into a global epidemic, with an economic-political approach. There are twin crises in the form of a health crisis (high human deaths) and an economic crisis (recession). Trillion-dollar aid packages from governments and international financial organizations also show that this global public health crisis has created an economic crisis. In the context of these crises, G-20 countries that did not intervene in their transmission channels in a timely manner showed the worst situations. This epidemic, calculated with the SIR model, is global, but the measures are local. What makes a clean, masked, and socially distant life obligatory against the risk of contamination is that this epidemic locks or restricts the whole economy, especially trade, education, and tourism. Measures called “new normalization” have started to relax in order to prevent further increase in unemployment and poverty.","PeriodicalId":298710,"journal":{"name":"Economic Impact and Recovery Following a Global Health Crisis","volume":"73 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127399122","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-6900-9.ch004
J. Hung
The author suggests a range of public policies that the Thai government should employ so as to help Thai nationals and smaller-size businesses weather the storm of the pandemic. As the Thai economy is significantly tied to its tourism development, it is not pragmatic for Thai authorities and nationals to aim at full economic recovery in the short- and mid-term. In the short-term, Thai authorities should help local businesses and nationals to satisfy household subsistence. Then, the Thai government should create more job opportunities for the Thai workforce and financially support local businesses in the short- and mid-term. Concurrently, the Thai government should expand their delivery of social protection schemes to Thai nationals, helping local populations obtain basic social welfare services that are conducive to their survival. In the longer-term, the Thai government should welcome international tourisms in phases, and co-build transport infrastructures with neighbouring countries in order to prepare a full re-opening of national borders in due course.
{"title":"Adverse Economic Impacts on the Occupationally Insecure Workforce in Thailand Amid the Pandemic","authors":"J. Hung","doi":"10.4018/978-1-7998-6900-9.ch004","DOIUrl":"https://doi.org/10.4018/978-1-7998-6900-9.ch004","url":null,"abstract":"The author suggests a range of public policies that the Thai government should employ so as to help Thai nationals and smaller-size businesses weather the storm of the pandemic. As the Thai economy is significantly tied to its tourism development, it is not pragmatic for Thai authorities and nationals to aim at full economic recovery in the short- and mid-term. In the short-term, Thai authorities should help local businesses and nationals to satisfy household subsistence. Then, the Thai government should create more job opportunities for the Thai workforce and financially support local businesses in the short- and mid-term. Concurrently, the Thai government should expand their delivery of social protection schemes to Thai nationals, helping local populations obtain basic social welfare services that are conducive to their survival. In the longer-term, the Thai government should welcome international tourisms in phases, and co-build transport infrastructures with neighbouring countries in order to prepare a full re-opening of national borders in due course.","PeriodicalId":298710,"journal":{"name":"Economic Impact and Recovery Following a Global Health Crisis","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132775369","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-6900-9.ch003
O. Lawal-Adebowale
The emergence and spread of severe acute respiratory syndrome corona virus 2 (SARS-CoV-2) with its attendant coronavirus disease in late 2019 (COVID-19) have brought untold social and economic hardships on the global society but with severe impacts on the sub-Saharan African households. The social and economic impacts were severe given that lifestyle in Africa is largely characterised by poor infrastructure development and social amenities. This situation increased food insecurity arising from complete loss or temporary halt of means of livelihood of the continent's households. Alongside this is loss of social security with resultant psychological stress and anxieties. This notwithstanding, developed resilience and social protection support have strengthened the African households to cope and possibly recover from the negative impacts of the COVID-19 pandemic.
{"title":"Global Health Crisis","authors":"O. Lawal-Adebowale","doi":"10.4018/978-1-7998-6900-9.ch003","DOIUrl":"https://doi.org/10.4018/978-1-7998-6900-9.ch003","url":null,"abstract":"The emergence and spread of severe acute respiratory syndrome corona virus 2 (SARS-CoV-2) with its attendant coronavirus disease in late 2019 (COVID-19) have brought untold social and economic hardships on the global society but with severe impacts on the sub-Saharan African households. The social and economic impacts were severe given that lifestyle in Africa is largely characterised by poor infrastructure development and social amenities. This situation increased food insecurity arising from complete loss or temporary halt of means of livelihood of the continent's households. Alongside this is loss of social security with resultant psychological stress and anxieties. This notwithstanding, developed resilience and social protection support have strengthened the African households to cope and possibly recover from the negative impacts of the COVID-19 pandemic.","PeriodicalId":298710,"journal":{"name":"Economic Impact and Recovery Following a Global Health Crisis","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128626375","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-6900-9.ch009
Y. Aydogan
A surge in new firm registrations have been one of the most intriguing outcomes of the economic turbulence caused by the COVID-19 pandemic. Turkey followed a similar pattern to many other economies that observed an initial drop and a rapid V-shaped recovery of entry when the virus hit the country. However, the size distribution of new firms has been very different. While others experience a strong rise in smaller entrants, larger firms have dominated the pack in Turkey. As a widely-known long-term problem of the Turkish economy, which has been accused of causing the stagnation of growth, miniscule firms have been losing their weight rapidly among the entrants. It revives lost hopes for the future of the economy and also motivates questions regarding the other determinants of such transformation in new firm formation.
{"title":"The Impact of COVID-19 on the Size Distribution of New Firms in Turkey","authors":"Y. Aydogan","doi":"10.4018/978-1-7998-6900-9.ch009","DOIUrl":"https://doi.org/10.4018/978-1-7998-6900-9.ch009","url":null,"abstract":"A surge in new firm registrations have been one of the most intriguing outcomes of the economic turbulence caused by the COVID-19 pandemic. Turkey followed a similar pattern to many other economies that observed an initial drop and a rapid V-shaped recovery of entry when the virus hit the country. However, the size distribution of new firms has been very different. While others experience a strong rise in smaller entrants, larger firms have dominated the pack in Turkey. As a widely-known long-term problem of the Turkish economy, which has been accused of causing the stagnation of growth, miniscule firms have been losing their weight rapidly among the entrants. It revives lost hopes for the future of the economy and also motivates questions regarding the other determinants of such transformation in new firm formation.","PeriodicalId":298710,"journal":{"name":"Economic Impact and Recovery Following a Global Health Crisis","volume":"4 12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128777753","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-6900-9.ch008
S. Jana, Subrata Naru, Pranjit Kr. Paul
The spread of the corona-virus disease 2019 (COVID-19) and subsequent nationwide lockdown in India from March 22, 2020 to control its further outbreak brought turmoil in the lives of millions who are primarily involved in the informal sector. A primary survey was conducted in the District of South 24 Pgs. in the state of West Bengal, India to know the effects of COVID-19 on rural livelihood, particularly of the migrant workers. Types of disruptions of rural livelihood of the households have been explored in the study. Perceptions of the effects of shocks of COVID-19 on the rural households have been assessed in terms of the following variables: loss of assets, loss of income, food insecurity/shortage, death of livestock, decline in consumption, decline in health conditions, socialization, effects on education, problems in accessing health facilities. Types of government supports provided to the households have been found for the study area. The role of the government in overcoming the crisis of livelihood has also been assessed.
{"title":"COVID-19 and the Livelihoods of the Migrant Workers","authors":"S. Jana, Subrata Naru, Pranjit Kr. Paul","doi":"10.4018/978-1-7998-6900-9.ch008","DOIUrl":"https://doi.org/10.4018/978-1-7998-6900-9.ch008","url":null,"abstract":"The spread of the corona-virus disease 2019 (COVID-19) and subsequent nationwide lockdown in India from March 22, 2020 to control its further outbreak brought turmoil in the lives of millions who are primarily involved in the informal sector. A primary survey was conducted in the District of South 24 Pgs. in the state of West Bengal, India to know the effects of COVID-19 on rural livelihood, particularly of the migrant workers. Types of disruptions of rural livelihood of the households have been explored in the study. Perceptions of the effects of shocks of COVID-19 on the rural households have been assessed in terms of the following variables: loss of assets, loss of income, food insecurity/shortage, death of livestock, decline in consumption, decline in health conditions, socialization, effects on education, problems in accessing health facilities. Types of government supports provided to the households have been found for the study area. The role of the government in overcoming the crisis of livelihood has also been assessed.","PeriodicalId":298710,"journal":{"name":"Economic Impact and Recovery Following a Global Health Crisis","volume":"81 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117188511","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-6900-9.ch006
A. E. Yıldırım
This study investigates the relationship between the COVID-19 crisis and economic inequalities in some developed and developing countries. Many institutions, like OECD, ILO, and UNDP, have released several reports deal with the relationship between COVID-19 and different kinds of inequalities. These reports generally emphasize the same problem. This study includes some indicators about the situation of education and gender inequalities in OECD countries. These indicators purely reveal that COVID-19 has negative effects on both education and gender inequalities in most of developed and developing countries. The main contribution of the study is to point out the importance of recovery policies the cover the inequality problems.
{"title":"What Are the Potential Impacts of a Global Health Crisis on Economic Inequalities in Some Countries?","authors":"A. E. Yıldırım","doi":"10.4018/978-1-7998-6900-9.ch006","DOIUrl":"https://doi.org/10.4018/978-1-7998-6900-9.ch006","url":null,"abstract":"This study investigates the relationship between the COVID-19 crisis and economic inequalities in some developed and developing countries. Many institutions, like OECD, ILO, and UNDP, have released several reports deal with the relationship between COVID-19 and different kinds of inequalities. These reports generally emphasize the same problem. This study includes some indicators about the situation of education and gender inequalities in OECD countries. These indicators purely reveal that COVID-19 has negative effects on both education and gender inequalities in most of developed and developing countries. The main contribution of the study is to point out the importance of recovery policies the cover the inequality problems.","PeriodicalId":298710,"journal":{"name":"Economic Impact and Recovery Following a Global Health Crisis","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125323230","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-6900-9.ch005
Hakan Altin
It is possible to define the concept of risk in various ways. Risk is the deviation possibility of the realized value from the expected value. It has two components, nonsystematic risk and systematic risk. Despite this, pandemics are risk factors that cannot be anticipated. They have deeply affected economies and financial markets under every condition. The importance of the detection of the COVID-19 pandemic comes from the selection of monetary and fiscal policies to be applied by governments during the rehabilitation process of economies. Equity share markets provide important information regarding the future of a company or economy. The reason for this is that the current value of an equity share is dependent on the deducted calculation of the cash flows of the equity share to be provided in the future. The actual price of the equity share is determined according to supply and demand under market conditions.
{"title":"The Effect of the COVID-19 Pandemic on International Stock Exchanges","authors":"Hakan Altin","doi":"10.4018/978-1-7998-6900-9.ch005","DOIUrl":"https://doi.org/10.4018/978-1-7998-6900-9.ch005","url":null,"abstract":"It is possible to define the concept of risk in various ways. Risk is the deviation possibility of the realized value from the expected value. It has two components, nonsystematic risk and systematic risk. Despite this, pandemics are risk factors that cannot be anticipated. They have deeply affected economies and financial markets under every condition. The importance of the detection of the COVID-19 pandemic comes from the selection of monetary and fiscal policies to be applied by governments during the rehabilitation process of economies. Equity share markets provide important information regarding the future of a company or economy. The reason for this is that the current value of an equity share is dependent on the deducted calculation of the cash flows of the equity share to be provided in the future. The actual price of the equity share is determined according to supply and demand under market conditions.","PeriodicalId":298710,"journal":{"name":"Economic Impact and Recovery Following a Global Health Crisis","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130796152","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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