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.
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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 completed his Ph.D. in Economics from Punjabi University, India and researching on International Trade, Competitiveness and trade integration. He is passionate about research and has published extensively in reputable international journals including ABDC Ranking and SCOPUS listed journals. Currently he is employed as Professor of Economics in Mittal School of Business (ACBSP accreditation by the USA, and the 2nd ranked in the Management field in India), India and also heading Department of Economics at Mittal School of Business, Lovely Professional University. Author also holds one copyright on ‘Talent Management Index’. He is also a member of Doctoral Board for Economics and evaluated many research scholars at various platforms.
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