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The COVID-19 pandemic: the impact on emerging and development economies

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Date
2021
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Abstract
Humans are social creatures that live based on interaction with one another, including economic activities and pandemics that brings unpredictable negative social and economic impact. The COVID-19 pandemic has now reshaped globalization and transformed the industrial society into an Information and digital society. This third-wave (Toffler, 1984) is mark by the widespread use of internet-based information technology, digital service industries with artificial intelligence as the driving of economic and social development. Meanwhile, COVID-19 has also shown a big gap between large companies with substantial market capitalizations such as Microsoft, Apple, [Alphabet] and Facebook in the developed economies that survive the pandemic. Similarly, in emerging and developing countries, their small-medium enterprises that forms the back-bone of their economy are also surviving this pandemic better than other businesses.
Keywords
COVID-19 , Economic impact , Unemployment , Income decline , Developing countries
Citation
Ramadili Mohd, S. M. (2021). The COVID-19 pandemic: the impact on emerging and development economies. IF Hub, 1 (March 2021), pp. 3-17.
Publisher
INCEIF
DOI
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