Analysis of the effect of coronavirus (covid-19) on the development of the world economic system
Abstract
The article provides a comprehensive analysis of the impact of the coronavirus COVID-19 on the global economic system. In particular, the authors analyze the onset of a pandemic and the characteristics of the new coronavirus. The conclusions about the unpreparedness of the world community for global threats caused by the outbreak of the disease are supported by the World Bank's arguments about the unpreparedness of countries for catastrophic epidemics. The authors combined the main threats identified by the World Bank into a single system. COVID-19 has had a significant impact on global stock markets. With the increase in the number of people infected with coronavirus, the tension among investors also grew. By the end of February this year, a crash occurred in the US stock markets, the authors attribute it to an underestimation of the spread of the virus, and as a result, this led to the breakdown of many trading chains and the lack of certainty and stability. The article also analyzes the impact of coronavirus on the economy of key countries of the world. It also examined the economic mechanisms used by these countries to mitigate the effects of COVID-19 and support the economy. In conclusion, key conclusions were drawn about the impact and consequences of COVID-19 on national economies and the global system.
References
Cascella M., Rajnik M., Cuomo A., Dulebohn S.C., Di Napoli R. Features, Evaluation and Treatment Coronavirus (COVID-19). Treasure Island (FL): StatPearls Publishing, 2020
Kozyrev A.V. - Infrastructural support of small and medium enterprises: international experience // Theoretical and applied economics. - 2019. - No. 3. - P. 1 - 14. URL: https://nbpublish.com
Tuzhikova L.F. Problems of crisis in the economy in a viral epidemic and falling oil prices // Use of innovative technologies in the development and implementation of economic reforms. Collection of articles following the results of the International scientific-practical conference. 2020.S. 99-102.
Shestakova I. G. Human capital in the digital age // Scientific journal NRU ITMO. Ser. Economics and environmental management. 2018. No. 1.C. 56-63.
http://www.oecdbetterlifeindex.org/ru/countries/japan-ru.
https://coromir.ru/category/strany/yaponiya.
https://ec.europa.eu/competition/state_aid/what_is_new/covid_19.html.
https://journal.tinkoff.ru/news/please-recover
https://topcor.ru/13556-voz-vystupila-s-zajavleniem-objavlena-vsemirnaja-pandemija-koronavirusa.html.
https://www.agroinvestor.ru/analytics/news/33497-agrosektoru-ne-khvataet-migrantov
https://www.bbc.com/russian/features-46845590
https://www.focus-economics.com/countries.
https://www.radiosputnik.ria.ru
https://www.reuters.com/places/china.
https://коронавирус.онлайн/stat.
Copyright (c) 2020 N.M. Makhmudov , Alimova Guzal Alisherovna, A.A. Kazakov
This work is licensed under a Creative Commons Attribution 4.0 International License.
In submitting the manuscript to the International Journal on Integrated Education (IJIE), the authors certify that:
- They are authorized by their co-authors to enter into these arrangements.
- The work described has not been formally published before, except in the form of an abstract or as part of a published lecture, review, thesis, or overlay journal.
- That it is not under consideration for publication elsewhere,
- The publication has been approved by the author(s) and by responsible authorities – tacitly or explicitly – of the institutes where the work has been carried out.
- They secure the right to reproduce any material that has already been published or copyrighted elsewhere.
- They agree to the following license and copyright agreement.
License and Copyright Agreement
Authors who publish with International Journal on Integrated Education (IJIE) agree to the following terms:
- Authors retain copyright and grant the International Journal on Integrated Education (IJIE) right of first publication with the work simultaneously licensed under Creative Commons Attribution License (CC BY 4.0) that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors can enter into separate, additional contractual arrangements for the non-exclusive distribution of the International Journal on Integrated Education (IJIE) published version of the work (e.g., post it to an institutional repository or edit it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) before and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.