ECONOMIC IMPACT OF COVID-19

2021 ◽  
Vol 13 (1) ◽  
pp. 1-14
Author(s):  
Dr. V. Darling Selvi, ◽  
◽  
K. Veilatchi

ABSTRACT The COVID-19 pandemic and the associated economic crisis are posing huge challenges, raising many unknowns, and imposing wrenching trade-offs. Both crises are global, but their impacts are deeply local. The policy response to both crises needs to be rapid, even if it is rough around the edges. But countries cannot pull this off on their own—the global crises require global solidarity and coordination. Governments must dramatically overhaul policies and invest in public health, economic stimulus, and social safety nets, to help countries recover faster from the COVID-19 pandemic. The economic report warns that a patchwork of preexisting solutions won’t work and points out those governments must coordinate with each other to hasten the recovery. This is a global crisis and working in silos is not an option, it says. The report `Position Note on the Social and Economic Impacts of COVID-19 in Asia-Pacific` calls on countries in the region to avoid returning to the pre-pandemic environmentally unsustainable development path, and to capitalize on the opportunity to build a better future. The study covers the primary data collected related to the topic and primary data was collected through Google forms sample size of 78. The collected primary data was analyzed by using Paired sample test, KMO and Bartlett`s Test, and Factor Analysis with the help of SPSS.

Author(s):  
Asif Javed ◽  
Vaqar Ahmed ◽  
Bakhrul Khair Amal

Sustainable Development Goal (SDG) 1 intends to end poverty of all forms and the government of Pakistan is also targeting poverty alleviation through social safety nets. ‘Ehsaas’ is the major social safety nets proramme which include various initiatives that are benefiting millions of households. The study examines the state of poverty in Pakistan and also highlights the spending under each social safety net. Furthermore, the study also evaluates the Livelihood Enhancement and Protection (LEP) programme which is a major initiative for poverty alleviation under Ehsaas programme. Survey in Khyber Pakhtunkhawa and Balochistan provinces were conducted of those beneficiaries who are getting asset and skills training. It was found that asset provision and skills trainings are helpful in increasing the earnings and provide sustainable livelihood opportunities to poor households.


2020 ◽  
Author(s):  
Lindsey M Ibañez

Abstract In low-wage labor markets, job seekers often rely on referrals from network members to find work. For job seekers, the challenge is to mobilize personal relationships to find work, and for contacts, the objective is to minimize risk while maintaining their relationships. Most of what we know about the low-wage job search comes from studies of societies with highly developed labor market institutions and social safety nets, leaving a gap in our understanding of less-institutionalized settings. This article analyzes the social processes through which job seekers and their contacts manage the risk and uncertainty of the low-wage labor market while managing their relationships with each other in Nicaragua, where steady employment is scarce and institutional supports are few. By applying the relational work framework, which is ideal for studying exchanges that occur among interpersonal relations in contexts of uncertainty, this study shows how job seekers and contacts pursue their goals of employment and risk management while maintaining their relations. Deceptive relational work is deployed by job seekers and contacts to preserve relationships when exchange is either impossible or undesirable, and the deceptive relational work of contacts disadvantages job seekers.


2018 ◽  
Vol 46 (3) ◽  
pp. 636-643 ◽  
Author(s):  
Robin Fretwell Wilson

This article teases out the relationship between family form and the state's social safety nets around healthcare, showing the deep unfairness of measuring social safety nets by whether a couple marries. By continuing to tie healthcare benefits to specific family structures, we perpetuate the “galloping” inequality marking America today.This article concludes that, whatever happens with the thousands of benefits given to married couples in other domains, social policy should move beyond marriage with respect to healthcare. Delinking support for healthcare coverage and services from family form is just, better assists struggling families, and is in our collective self-interest.


Author(s):  
Pamela Hampton-Garland

Entitlements, social safety nets, benefits and welfare are just a few of the terms used to describe benefits provided to American businesses and individuals by the federal government. For decades since the FDR laws issued post WWII, politicians have been crying reform, in a vain attempt to dismantle the social safety nets that many of the country's most vulnerable populations need to survive. This chapter provides historical and current information on America's safety net programs and provide a deeper understanding of their importance and their beneficiaries. Finally, the chapter provides clarity to the impact that social safety nets have had on poverty in the U.S. and embedded in this chapter is a personal narrative of how the entitlements helped change my life.


2007 ◽  
pp. 27-45
Author(s):  
B. Titov ◽  
I. Pilipenko ◽  
A. Danilov-Danilyan

The report considers how the state economic policy contributes to the national economic development in the midterm perspective. It analyzes main current economic problems of the Russian economy, i.e. low effectiveness of the social system, high dependence on export industries and natural resources, high monopolization and underdeveloped free market, as well as barriers that hinder non-recourse-based business development including high tax burden, skilled labor deficit and lack of investment capital. We propose a social-oriented market economy as the Russian economic model to achieve a sustainable economic growth in the long-term perspective. This model is based on people’s prosperity and therefore expanding domestic demand that stimulates the growth of domestic non-resource-based sector which in turn can accelerate annual GDP growth rates to 10-12%. To realize this model "Delovaya Rossiya" proposes a program that consists of a number of directions and key groups of measures covering priority national projects, tax, fiscal, monetary, innovative-industrial, trade and social policies.


2014 ◽  
Vol 1 (1) ◽  
pp. 393-398
Author(s):  
Andreas Ahrens ◽  
Olaf Bassus ◽  
Jeļena Zaščerinska

AbstractUniversity as a social enterprise has become the dominant response to the challenge of bringing up an engineer as a first-rate technical expert who acts as a social agent, rather than just a technician, with a “broad understanding of the social and philosophical context in which he will work” [3]. Aim of the research is to analyze student engineers' Enterprise 3.0 application in engineering curriculum. The meaning of the key concepts of university as a social enterprise, engineering curriculum and Enterprise 3.0 is studied. Explorative research has been used. The empirical study was conducted at Riga Technical University, Riga, Latvia, in 2011. Descriptive statistics was implemented for primary data analysis. The findings of the research allow drawing the conclusions on the favourable context of Enterprise 3.0 application in engineering curriculum as the student engineers' knowledge and attitude towards Enterprise 3.0 application are positive. Direction of further research are proposed.


Author(s):  
David Mares

This chapter discusses the role of energy in economic development, the transformation of energy markets, trade in energy resources themselves, and the geopolitical dynamics that result. The transformation of energy markets and their expansion via trade can help or hinder development, depending on the processes behind them and how stakeholders interact. The availability of renewable, climate-friendly sources of energy, domestically and internationally, means that there is no inherent trade-off between economic growth and the use of fossil fuels. The existence of economic, political, social, and geopolitical adjustment costs means that the expansion of international energy markets to incorporate alternatives to oil and coal is a complex balance of environmental trade-offs with no solutions completely free of negative impact risk. An understanding of the supply of and demand for energy must incorporate the institutional context within which they occur, as well as the social and political dynamics of their setting.


2021 ◽  
pp. 026858092199451
Author(s):  
Adrian Scribano

The social sciences in Latin America have always had a special connection with the study and analysis of the place of emotions in the social structuration processes. The aim of this article is to offer a synthetic exposition of some inquiries about emotions and the politics of sensibilities in Latin America, emphasizing those that are being felt in the context of the COVID-19 pandemic. To achieve this objective, first we offer a synthesis of the theoretical and methodological points that will guide the interpretation; then we draw on pre-existing inquiries and surveys which allow us to capture the state of sensibilities before and during the pandemic in the region; and finally some conclusions are presented. The work is based on a multi-method approach, where qualitative and quantitative secondary and primary data are articulated in tandem.


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