scholarly journals IN-DEPTH ASSESSMENT OF THE IMPACT OF COVID-19 ON INDIAN ECONOMY

2021 ◽  
pp. 43-53
Author(s):  
Dr. Mahesh Kumar Kurmi ◽  
Dr. Baneswar Kapasi
Keyword(s):  
Unemployment Rate ◽  
World Economy ◽  
Investor Sentiment ◽  
Indian Economy ◽  
The People ◽  
The World ◽  
State Of The Economy ◽  
World Economic ◽  
Net Export ◽  
The Impact

Mending the deteriorating state of the world economy caused by the outbreak of COVID-19 is the biggest challenge in the new millennium. The shocking effects of the pandemic have not only affected the socio-cultural lives of the people but have also stunned the economies across the world. The world economy is passing through great uncertainty in this pandemic situation. Economists predict that the economic impact of the pandemic could be worse than the world economic crisis of 1930. Indian economy is also not beyond the sphere of COVID -19. This pandemic has impacted all sectors of the Indian economy, whether it is primary or secondary or tertiary or even Quaternary. No part of the vital segments of the Indian economy such as trade, production, demand, tourism and business travel, investment, and investor sentiment has been spared from its harsh effects. Undoubtedly, COVID-19 has severely affected the Indian economy, but how profound was the impact of COVID-19 on the Indian economy? That is the question of this research paper. Thus, considering various indicators of economy such as GDP, unemployment rate, net exports, and GST collections, an attempt has been made here to compare the state of the Economy in FY 2020-21 with that of FY 2019-20 so that at least the immediate impact of COVID-19 on the Indian economy can be assessed. KEYWORDS: COVID-19, Indian Economy, GDP, Unemployment Rate, Net Export, GST

scholarly journals The Impact of Domestic and Foreign Environment on China’s EconomicDevelopment

2020 ◽  
Vol 1 (1) ◽  
Author(s):  
Mengya Cao
Keyword(s):  
Financial Crisis ◽  
Economic Crisis ◽  
World Economy ◽  
Industrial Structure ◽  
Negative Impact ◽  
Economic Losses ◽  
The World ◽  
World Economic ◽  
Short Time ◽  
The Impact

In recent years, the financial crisis has affected the economies of all countries in the world. At that time, it seriously restricted the development of the world economy. From a modern perspective, the difficult period of the world economic crisis caused by the financial crisis has passed, but the negative impact of the economic crisis can not be eliminated in a short time. Dispersed, the crisis has brought both opportunities and challenges to the country as well as heavy economic losses. Under the background of economic globalization, only by making a scientific and effective analysis of the world economic situation and keeping up with the trend of the world economy, can we effectively promote the domestic economic development and industrial structure, and enable our economy to develop healthily and substantially.

scholarly journals THEORETICAL AND METHODOLOGICAL ASPECTS OF DETERMINING THE INFLUENCE OF GLOBALIZATION PROCESSES ON THE DEVELOPMENT OF THE ECONOMY OF UKRAINE

2021 ◽  
Author(s):  
Svitlana Bestuzheva ◽  
Viktoria Kozub
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Global Economy ◽  
World Economy ◽  
Modern Trend ◽  
Tax Rate ◽  
Goods And Services ◽  
The World ◽  
World Economic ◽  
The Impact

The paper proposes a scientific approach to determining the impact of globalization processes on the development of Ukraine’s economy based on the analysis of the dynamics and modeling of indicators of the degree of integration of Ukraine’s economy into the system of world economic relations. Globalization is seen as a modern trend in the world economy as a system of interconnected and interdependent economic entities, among which a significant place is occupied by countries. The authors determine the degree of Ukraine's integration into the world economic space by its place in the ratings of globalization and economic openness. Analysis of the dynamics of the degree of integration of Ukraine's economy into the global economy is based on GDP, export and import quotas during 2006 – 2020. Based on the results of the analysis, the authors developed an econometric model for assessing the impact of factors on the globalization index of Ukraine, identified the most significant positive factors, namely the volume of exports of goods and services as a percentage of GDP, GDP, the ratio of foreign direct investment to GDP, the share of innovative exports export of goods and services of the country. The import quota and the corporate income tax rate have been identified as negative factors. Based on the results obtained during the modeling, the authors have developed and proposed a sequence of measures to increase the level of openness of Ukraine's economy in the context of its globalization. Perspective forms of globalization in the context of forming a new perspective of the international community on changing the vector of world economy - from globalization to regionalization and nationalization which have materialized in increasing the volume and diversification of the structure of international trade, intensification of international financial transactions, the emergence of transnational business, a sharp increase in foreign direct investment and intensification of international labor migration.

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.

scholarly journals Information Technology and the World Growth Resurgence

2007 ◽  
Vol 8 (2) ◽  
pp. 125-145 ◽  
Author(s):  
Dale W. Jorgenson ◽  
Khuong Vu
Keyword(s):  
Economic Growth ◽  
Information Technology ◽  
World Economy ◽  
It Investment ◽  
The World ◽  
World Economic ◽  
Per Capita ◽  
The Impact ◽  
Capita Output ◽  
World Output

Abstract This paper analyzes the impact of investment in information technology (IT) on the recent resurgence of world economic growth. We describe the growth of the world economy, seven regions, and 14 major economies during the period 1989-2004. We allocate the growth of world output between input growth and productivity and find, surprisingly, that input growth greatly predominates! Moreover, differences in per capita output levels are explained by differences in per capita input, rather than variations in productivity. The contributions of IT investment have increased in all regions, but especially in industrialized economies and Developing Asia.

scholarly journals THE ROLE OF ZAKAT IN MALAYSIA IN DEALING WITH THE COVID-19 PANDEMIC

2021 ◽  
Vol 3 (8) ◽  
pp. 21-30
Author(s):  
Muhammad Hanif Mohd Noor ◽  
Muhammad Aiman Abdull Rahim ◽  
Wan Abdul Rahman Wan Ibrisam Fikry ◽  
Aminudin Hehsan
Keyword(s):  
Economic Growth ◽  
Content Analysis ◽  
World Economy ◽  
Point Of View ◽  
Economic Point ◽  
The People ◽  
The World ◽  
The Impact ◽  
Positive Effect

The COVID-19 pandemic that struck, shocks the whole world, regardless of race or religion. The effects of a pandemic can be felt from a health, social and economic point of view. The impact clearly affects the growth of the world economy, especially in Malaysia. Despite the pandemic, we can see the assistance extended by the people of the world, especially the community in Malaysia to help those effected and affected by the COVID-19 pandemic. Zakat institutions in Malaysia have also not missed out on their duty to help asnaf who need special assistance during this pandemic. So, in this study, the researcher will study in more depth the assistance provided and the channels used to help the zakat asnaf affected by the COVID-19 pandemic. In addition, this study also aims to determine the impact of assistance given to asnaf on the country's economic growth during the pandemic. The methodology used is content analysis from studies on zakat and, data from zakat institutions. The results of the study showed a positive effect on the economy of the recipients with the assistance received by the asnaf from the zakat institution.

ANALYSIS OF MODERN PROCESSES OF WORLD ECONOMIC GLOBALIZATION

2019 ◽  
pp. 23-31
Author(s):  
Svitlana E. TKACHENKO
Keyword(s):  
World Economy ◽  
Economic Globalization ◽  
International Economy ◽  
Present Stage ◽  
Negative Effects ◽  
Economic Relations ◽  
Stage Of Development ◽  
The World ◽  
World Economic ◽  
The Impact

Introduction. The article highlights the problems and prospects of globalization of international economic relations, identifies the importance of globalization for the sectors of the world economy structure, determines the impact of globalization on different groups of countries, examines the state and actual tasks of the globalization process of the international economy in conditions of innovation and integration, to positive and negative effects. One of the main problems of globalization is the potential global instability due to the national economies interdependence of the countries at the global level. The purpose of this article is to investigate the impact form of economic globalization on the competitiveness factors modification; the globalization conditions justification of national and world economic relations. Results. The study of the problem and perspectives in the context of the globalization concept disclosure of the world economy made it possible to define this process as a transformational internationalization of the world economy into a global system of international scale on the principles of openness, universality and interdependence. The essential features that lead to the globalization development of the world economy are at the present stage: the formation of the world information space, scientific and technological progress; economic integration; a new system of labor international division; the implementation of universal liberal-democratic values. Conclusions. Given the uneven distribution of the globalization benefits, of course, the negative effects of globalization processes in a particular country will significantly depend of the place, that this country occupies in the world economy. In this regard, three groups of threats, dangers, and potential problems have been identified, that arise at the present stage of development of economic activity internationalization, depending on which countries they may reach. Keywords: globalization, integration, international economy, competition, world economy, economic development, national economy, socio-economic relations.

Dampak Pandemi COVID-19 terhadap Perekonomian Dunia

2021 ◽  
Vol 2 (2) ◽  
Author(s):  
Bambang Arianto
Keyword(s):  
World Economy ◽  
Economic Recession ◽  
Literature Study ◽  
Study Approach ◽  
The World ◽  
World Economic ◽  
Economic Stimulus ◽  
Negative Impacts ◽  
The Stability ◽  
The Impact

ABSTRAKArtikel ini bertujuan mengelaborasi dampak pandemi virus Corona 19 (Covid-19) terhadap perekonomian dunia. Dikarenakan pandemi Covid 19 telah mempengaruhi stabilitas perekonomian dunia menjadi stagnan dan negatif. International Moneter Fund menyatakan bahwa pandemi Covid 19 telah menyebabkan terjadinya resesi dunia yang ditandai dengan peningkatan angka pengangguran dan kemiskinan setiap negara di dunia. Sedangkan pemulihan ekonomi dengan memperkuat stimulus ekonomi melalui strategi lokal menjadi salah satu alternatif mengembalikan pelembagaan ekonomi di setiap negara. Penelitian ini menggunakan pendekatan studi kepustakaan dengan merujuk berbagai literatur sebagai data pendukung. Artikel ini berpendapat bahwa dampak pandemi Covid-19 telah memberikan banyak dampak negatif bagi perekonomian dunia yang menyebabkan terjadinya resesi ekonomi dunia. Artikel ini juga berpendapat bahwa setiap negara wajib memperkuat stimulus ekonomi untuk menjaga stabilitas ekonomi bangsa. Kata Kunci : Ekonomi dunia, Stimulus Ekonomi, Covid-19. ABSTRACT This article aims to elaborate on the impact of the Corona 19 (Covid-19) virus pandemic on the world economy. Because the Covid 19 pandemic has affected the stability of the world economy to become stagnant and negative. The International Monetary Fund stated that the Covid 19 pandemic had caused a world recession marked by an increase in unemployment and poverty in every country in the world. Meanwhile, economic recovery by strengthening economic stimuli through local strategies is an alternative to restore economic institutionalization in each country. This study uses a literature study approach by referring to various literatures as supporting data. This article argues that the impact of the Covid-19 pandemic has had many negative impacts on the world economy which led to a world economic recession. This article also argues that every country is obliged to strengthen economic stimulus to maintain the stability of the nation's economy.Keywords : World economy, Economic Stimulus, Covid-19.

Impact of Weightless Capital on the Pattern of Economic Growth and Employment

2003 ◽  
Vol 7 (1) ◽  
pp. 99-111
Author(s):  
Raj Agrawal
Keyword(s):  
Economic Growth ◽  
World Economy ◽  
Structural Adjustment ◽  
New Technologies ◽  
Total Output ◽  
The World ◽  
The Face ◽  
Short Run ◽  
World Economic ◽  
The Impact

The defining feature of current world economic growth is the increasing scope of weightless capital in the composition of total output. It is currently debated among economic pundits to prophesy that the weightless capital is dramatically altering the structure of the world economy by increasing the higher level of economic growth in the era of liberalization and globalisation. Furthermore, It is also argued, new technologies will alter the structure and composition of total output. This may lead to an inexorable rise in unemployment in the world. Although there is not sufficient long-term empirical evidence that unemployment, at the aggregate level at least, is caused by technological changes resulting due to the impact of weightless capital. Although in the short run, there may be increase in unemployment but this is purely because of structural adjustment. In India's case this may not be because of only increasing role of weightless capital but presence of certain other factors vis-a-vis lesser investment in agriculture etc. Even though globalized and weightless activities have become increasingly important, they do not pose insurmountable threats to the world economy. The overall message may be an optimistic one: inequality and unemployment need not rise in the face of competition from the developing world in response to technological change. However, government policy can play a major role in promoting adjustment to change.

scholarly journals ASSESSMENT THE ADAPTABILITY OF THE WORLD ECONOMY TO THE GLOBAL MODERN CHALLENGES

2021 ◽  
Author(s):  
Yevhenii Yarushyn ◽  
Nataliia Skrypnyk
Keyword(s):  
World Economy ◽  
Negative Impact ◽  
Extreme Weather Events ◽  
Main Trend ◽  
Economic Losses ◽  
World Economic Forum ◽  
Global Challenges ◽  
The World ◽  
World Economic ◽  
The Impact

The article examines the adaptability of the world economy to the global modern challenges. It was revealed that the main trend in the emergence of new challenges in the economy is the rapid spread of globalization processes, which have led to the elimination of many barriers in society. Modern trends make it impossible to perceive global challenges as a negative event that can lead to catastrophic consequences in the world economy. In fact, the emergence of such challenges is usually positive for the further development of the world, since they are the main driving force in contributing to the development of society and the environment that surrounds it. Defined the concept of global risks according to the methodology of the World Economic Forum and made their classification by categories and long-term. Global risks can lead to huge economic losses, which will negatively affect the development of the world economy. The World Economic Forum in its annual reports on global risks defines the concept of such risks – these are events that cause a significant negative impact on national economies and the most important industries of the countries of the world within 2-10 years from the moment of their manifestation. The most critical risks to the world have been found to be the spread of the COVID-19 pandemic, the manifestation of extreme weather events, youth frustration, the collapse of social cohesion and climate change. The analysis of the forecast of the growth of the gross domestic product in the world in 2021–2022, which showed that despite the negative growth in 2020, which was caused by the outbreak of the pandemic, in 2021 growth is projected in almost all countries of the world. It has been established that the modern intergovernmental system and international institutions are not capable of ensuring stable growth in the face of crisis phenomena. The development of a mechanism for anti-crisis regulation at the international level is proposed, which should become an effective tool in overcoming the goals that global challenges pose to the world. In addition to international cooperation, it is important to increase the contribution of the scientific and technological community in promoting solutions aimed at the future. Strong interactions between universities, governments, corporations and civil society can be an effective tool in minimizing the impact of future challenges, ensuring better risk management and adaptation.

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