The Covid 19 Pandemic Impact on Global Economy

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To prevent the spread of the coronavirus, governments around the world implemented lockdown measures that shut down most of the economic activities
and business around the globe, so many lost jobs and unemployment rate increased significantly. So many businesses, manufacturers and companies that
are considered to be major sources of economic growth were hit badly, the global stock market crashed and all countries were isolated.
The International Monetary Fund has called this widespread economic restrictions “Great Lockdown”, which led to the shut down in economic activities and
job loss and higher unemployment rate globally.
In this paper, students are to describe the history of pandemic, analyze impacts and implications of the pandemic, and critically assess different strategies
that may be implemented to reduce the disease spread in the world. These strategies could include any of the fiscal, monetary or foreign exchange rate
policies. The implementation of global environmental policies and international cooperation to prevent any disease widespread could be discussed as well.
In attempting the assignment, students are expected to apply concepts, tools and techniques introduced during the course. The assignment is designed to
make students (i) apply economic analysis to a real world situation and (ii) search in current newspapers, periodicals, on-line, in order to find data and
articles that illustrate a specific issue. (Individual term paper/case study assessing course Learning Objective 6.)

Sample Solution

The novel human coronavirus disease 2019 (COVID-19) was first reported in Wuhan, China, in 2019, and subsequently spread globally to become the fifth documented pandemic since the 1918 flu pandemic. By September 2021, almost two years after COVID-19 was first identified, there had been more than 200 million confirmed cases and over 4.6 million lives lost to the disease. The COVID-19 pandemic has led to a dramatic loss of human life worldwide and presents an unprecedented challenge to public health, food systems and the world of work. The economic and social disruption caused by the pandemic is devastating: tens of millions of people are at risk of falling into extreme poverty, while the number of undernourished people by the end of the year.

Thirdly, Vittola contends that war ought to be kept away from (Begby et al (2006b), Page 332) and that we ought to continue conditions carefully. This is upheld by the “final hotel” position in Frowe, where war ought not be allowed except if all actions to look for discretion fizzles (Frowe (2011), Page 62). This implies war ought not be proclaimed until one party must choose the option to pronounce battle, to safeguard its region and privileges, the point of war. Notwithstanding, we can likewise contend that the conflict can never be the final hotel, considering there is generally a method for attempting to keep away from it, similar to assents or conciliation, showing Vittola’s hypothesis is imperfect. Fourthly, Vittola inquiries upon whose authority can request a formal statement of war, where he infers any federation can do battle, however more critically, “the ruler” where he has “the regular request” as indicated by Augustine, and all authority is given to him. This is additionally upheld by Aristotle’s Politics ((1996), Page 28): ‘a ruler is the normal prevalent of his subjects.’ However, he truly does later stress to place all confidence in the sovereign is off-base and has outcomes; a careful assessment of the reason for war is expected alongside the readiness to arrange rival party (Begby et al (2006b), Page 312& 318). This is upheld by the activities of Hitler are considered unreasonably. Additionally, in this day and age, wars are not generally battled exclusively by states yet in addition non-state entertainers like Al-Queda and ISIS, showing Vittola’s regulating guarantee on power is obsolete. This is additionally upheld by Frowe’s case that the pioneer needs to address individuals’ inclinations, under authentic power, which joins on to the fourth condition: Public statement of war. Concurred with many, there should be an authority declaration on a statement of war (Frowe (2011), Page 59-60&63).

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