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Changing World Economic Order in the Post-Pandemic Period

Changing World Economic Order in the Post-Pandemic Period
Author(s)/Editor(s): Sushanta Kumar Mahapatra (The ICFAI Foundation for Higher Education (IFHE) (Deemed), Hyderabad, India)and Vishal Sarin (Lovely Professional University, India)
Copyright: ©2023
DOI: 10.4018/978-1-7998-6896-5
ISBN13: 9781799868965
ISBN10: 1799868966
EISBN13: 9781799868989

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Description

Post COVID-19, the world will never be the same. The pandemic not only shattered many assumptions about economic developments and growth, but it also challenged our preparedness to face any unpredictable challenge as a human civilization in an era where science and technology is at its peak. To suppress the spread of COVID-19, many countries resorted to partial or full closure of their borders and restricted the movement of people. Mandatory quarantine restricted labor mobility and workplace closure, which later converted into supply shocks in the economy, as these measures impaired the economy’s production capacity, disrupting supplies. This later spilled over to the demand side as people were locked down in their homes and workers were laid off and lost income. This disruption posed many new challenges for policymakers to formulate appropriate macroeconomic policy responses and also provided them the opportunity to ponder upon the preparedness of countries in terms of health facilities, appropriately compensating human resources, how to cushion immediate and severe economic shocks, and how to maintain the livelihood of the society as a whole.

Changing World Economic Order in the Post-Pandemic Period provides scientific knowledge of the current economic scenarios across the globe with a comprehensive overview of the pandemic and regional initiatives, trends of trade and development, and approaches to overcome obstacles of globalization and the impacts on global trade and economic development in light of the pandemic. The chapters present tangible solutions and attainable perspectives for fighting a battle against the pandemic while keeping the morale of the people and economy high. Highlighted topics include post-pandemic economic development, public policy in emergency situations, socio-economic impacts on enterprises, risk governance, and impacts of COVID-19. This book is ideally intended for university students, researchers, policymakers, economic actors, economists, practitioners, stakeholders, government officials, academicians, and anyone interested in the impact of a pandemic on the global economy and how to deal with such issues in the future.



Author's/Editor's Biography

Sushanta Mahapatra (Ed.)
Sushanta Kumar Mahapatra , is currently working at Department of Economics, ICFAI School of Social Sciences, The ICFAI Foundation for Higher Education (IFHE) Deemed University, Hyderabad, India. His research areas are applied development economics, agricultural economics, trade and environment, water governance, institutions and policies, climate change and sustainable development, microfinance and livelihood. He has collaborated in research projects supported by organisations like International Rice Research Institute (IRRI), ILO Geneva, Harvard School of Public Health, Sir Ratan Tata Trust, Ministry of Rural Development, Ministry of Education, Govt of India, ICSSR, SBI and NABARD. He has worked as a Consultant to World Bank, Japan International Cooperation Agency (JICA) and Inter State Water Issue (ISWI), Department of Water Resources, Govt of Odisha for Mahanadi Water Disputes Tribunal (MWDT), Constituted by Central Government of India. He has published his research ideas in books, Scopus, ABS, ABDC, UGC-CARE indexed journals, working papers and acted as reviewer for several journals. He is the recipient of Malcolm Elizabeth Adiseshiah Doctoral Merit Fellowship from Madras Institute of Development Studies (MIDS), under University of Madras, Chennai, India and European Commission Erasmus Mundus Post-Doctoral Fellowship (PDF), from the Department of Science Economics (DSE), University of Bologna, Italy.

Vishal Sarin (Ed.)

Vishal Sarin has obtained PhD degree in Economics (Thesis title: Trade relations between India and ASEAN Countries 1991) from Punjabi University, Patiala, Punjab, India. Currently working as Professor in the Department of Economics at Mittal School of Business (ACBSP accreditation by the USA, and the 2nd ranked in the Management field in India) with Lovely Professional University (LPU) since September 2007. His Area of Research included International Trade, Trade Specialization and Competitiveness, Trade Analytics, Trade and Financial Integration, Digital Currency, Financial Inclusion. In academic career spanning over 16 years he has published more than 30 research papers in coveted journals including ABDC Ranking and SCOPUS listed journals, presented papers in 22 conferences, published 4 books, resource person in 12 FDPs on data analysis and research methodology. Prof. Sarin also supervised eight Ph.D. scholars successfully. His area of research includes competitiveness, trade analytics, digital currency and financial inclusion. He is also a member of the Doctoral Board for Economics and evaluated many research scholars at various platforms. Holder of two copyrights on (i) ‘Talent Management Index’ and (ii) Academic Leadership Competency Assessment Tool (ALCAT) and Academic Leadership Competency Scorecard (ALCS).(e54cb8f4-d11d-4ac4-9835-1d1a8631343f)



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