Will the Economic Impact of COVID-19 Persist? Prognosis from 21st Century Pandemics - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Will the Economic Impact of COVID-19 Persist? Prognosis from 21st Century Pandemics write by Johannes Emmerling. This book was released on 2021-04-30. Will the Economic Impact of COVID-19 Persist? Prognosis from 21st Century Pandemics available in PDF, EPUB and Kindle. COVID-19 has had a disruptive economic impact in 2020, but how long its impact will persist remains unclear. We offer a prognosis based on an analysis of the effects of five previous major epidemics in this century. We find that these pandemics led to significant and persistent reductions in disposable income, along with increases in unemployment, income inequality and public debt-to-GDP ratios. Energy use and CO2 emissions dropped, but mostly because of the persistent decline in the level of economic activity rather than structural changes in the energy sector. Applying our empirical estimates to project the impact of COVID-19, we foresee significant scarring in economic performance and income distribution through 2025, which be associated with an increase in poverty of about 75 million people. Policy responses more effective than those in the past would be required to forestall these outcomes.
The Social and Economic Impact of Covid–19: Rapid Transformation of the 21st Century Society
The Social and Economic Impact of Covid–19: Rapid Transformation of the 21st Century Society - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Social and Economic Impact of Covid–19: Rapid Transformation of the 21st Century Society write by Marcel Mečiar. This book was released on 2021-05-05. The Social and Economic Impact of Covid–19: Rapid Transformation of the 21st Century Society available in PDF, EPUB and Kindle. The contributions in this book demonstrate that the Covid-19 pandemic has led to negative socioeconomic impacts, put a tremendous strain on social institutions in many countries, and changed the lives of people around the world. Society, economy, business companies, management structures of companies, consumption habits of society, education, and health sector have been significantly affected by the Covid-19 pandemic. Some of these effects are thought to be permanent even after the pandemic subsides. It is obvious that the process of digitization will continue in making a consumer’s life more comfortable and safer. Some researchers estimate that approximately 60 percent of companies plan to let their employees continue working remotely from home offices in the post-pandemic period. Many experts emphasize that online shopping, which increased rapidly during the pandemic period, will continue to dominate after the pandemic. Therefore, the social effects of the Covid-19 pandemic will be the subject of many academic studies today and in the future.
After-Effects of the COVID-19 Pandemic: Prospects for Medium-Term Economic Damage
After-Effects of the COVID-19 Pandemic: Prospects for Medium-Term Economic Damage - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook After-Effects of the COVID-19 Pandemic: Prospects for Medium-Term Economic Damage write by Mr. Philip Barrett. This book was released on 2021-07-30. After-Effects of the COVID-19 Pandemic: Prospects for Medium-Term Economic Damage available in PDF, EPUB and Kindle. The COVID-19 pandemic has led to a severe global recession with differential impacts within and across countries. This paper examines the possible persistent effects (scarring) of the pandemic on the economy and the channels through which they may occur. History suggests that deep recessions often leave long-lived scars, particularly to productivity. Importantly, financial instabilities—typically associated with worse scarring—have been largely avoided in the current crisis so far. While medium-term output losses are anticipated to be lower than after the global financial crisis, they are still expected to be substantial. The degree of expected scarring varies across countries, depending on the structure of economies and the size of the policy response. Emerging market and developing economies are expected to suffer more scarring than advanced economies.
Covid-19 and the Global Political Economy
Covid-19 and the Global Political Economy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Covid-19 and the Global Political Economy write by Tim Di Muzio. This book was released on 2022-09-26. Covid-19 and the Global Political Economy available in PDF, EPUB and Kindle. Covid-19 and the Global Political Economy investigates and explores how far and in what ways the Covid-19 pandemic is challenging, restructuring, and perhaps remaking aspects of the global political economy. Since the 1970s, neoliberal capitalism has been the guiding principle of global development: fiscal discipline, privatisations, deregulation, the liberalisation of trade and investment regimes, and lower corporate and wealth taxation. But, after Covid-19, will these trends continue, particularly when states are continuing to struggle with overcoming the pandemic and violating one of neoliberalism’s key principles: balanced budgets? The pandemic has exposed the fragility of the global political economy, and it can be argued that the intensification of global trade, tourism, and finance over the past 30 years has facilitated the spread of infectious diseases such as Covid-19. Therefore, economies in lockdown, jittery markets, and massive government spending have sparked interest in potentially re-evaluating certain features of the global political economy. This volume brings together leading and upcoming critical scholars in international relations and international political economy to provide novel, timely, and innovative research on how the Covid-19 pandemic is impacting (and will continue to impact) the global economy in important dimensions, including state fiscal policy, monetary policy, the accumulation of debt, health and social reproduction, and the future of austerity and the fate of neoliberalism. This book will be of great interest to students, scholars, and experts in international relations and international political economy, as well as history, anthropology, political science, sociology, cultural studies, economics, development studies, and human geography. Chapter 8 of this book is freely available as a downloadable Open Access PDF at http://www.taylorfrancis.com under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 4.0 license.
The Effects of COVID-19 on the Global and Domestic Economy
The Effects of COVID-19 on the Global and Domestic Economy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Effects of COVID-19 on the Global and Domestic Economy write by Magnus Strömberg. This book was released on 2021-08-03. The Effects of COVID-19 on the Global and Domestic Economy available in PDF, EPUB and Kindle. In the year since the COVID-19 outbreak was first diagnosed, it has spread to over 200 countries and all U.S. states. The pandemic has negatively affected global economic growth beyond anything experienced in nearly a century. Estimates so far indicate the virus reduced global economic growth to an annualized rate of -4.5% to -6.0% in 2020, with a partial recovery of 2.5% to 5.2% projected for 2021. Global trade is estimated to have fallen by 5.3% in 2020, but is projected to grow by 8.0% in 2021. The full economic impact of the pandemic likely will remain unclear until the negative health effects peak. This book provides an overview of the global and domestic economic costs to date and the response by governments and international institutions to address these effects.
