The Impact of the Corona Pandemic on Trade between Jordan and Syria
Journal Title: Journal of Economics, Finance and Management Studies - Year 2022, Vol 5, Issue 08
Abstract
The Corona pandemic has sent shock waves through the global economy and caused the largest global economic crisis in more than a century. This crisis has led to a sharp increase in inequality within and between countries. Preliminary evidence indicates that recovery from this crisis will be as uneven as its initial economic effects, as emerging economies and economically disadvantaged groups need much longer time to compensate for the losses resulting from the pandemic in terms of loss of income and livelihoods. In contrast to many previous crises, the emergence of the Corona pandemic was met with a large and decisive response in many countries such as Jordan and Syria, and in terms of economic policies, it was generally successful in alleviating the worst human costs of the pandemic in the short term. However, the response to this emergency has also created new risks - such as the massive increase in the levels of public and private debt in the global economy - that may jeopardize an equitable recovery from the crisis unless it is decisively addressed.
Authors and Affiliations
Abdallah Suleiman Ahmad Alshira'h
Keywords
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- EP ID EP709304
- DOI 10.47191/jefms/v5-i8-21
- Views 85
- Downloads 0
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