Year-end Sale % OFF 
Abstract
The outbreak popularly called COVID-19 which sneaked into the world system generally believed to have originated from China in the city of Wuhan towards the last quarter of the year 2019 in a manner yet to be unfold by the world powers has been judged to be a great threat to human activities and coexistence. The World Health Organization declared COVID-19 as a global pandemic between February and March, year 2020 and since then it has been a strange world. This paper examined the socio-economic changes and behavioral maladjustments resulting from this deadly disease. The demand and supply shocks as well as the use of fiscal stimulus from different countries and how some key variables respond are well analyzed and structured. The paper underlying some of the damages done to the socio-economic lives of people across the globe and highlight some recovery strategies and future prospects. It recommends spirituality as a winning strategy against carnality. The conclusion was drawn by emphasizing the supremacy of God in the fact that a microbe of invisible property could hastily change our world of global village to a strange world of isolated cities
Highlights
The world received with great shock the news of an outbreak of a viral disease, called corona virus popularly known as COVID-19 which was declared a global pandemic by world health organization (WHO) in the second Week of March, year 2020
This paper examined the social economic and behavioral changes associated with COVID-19, the various efforts to cushion the effects on the people and different scenarios such as trade-off between corona virus and hunger virus, the wealth gain versus health loss, the health gain versus wealth loss as the case is in many countries, psychological disequilibrium due to loneliness caused by lockdown and isolation and different socio-economic mal-adjustment
This paper examined the socio-economic changes and behavioral maladjustments following the outbreak of a viral disease popularly known to be COVID-19 with its origin traced to Chinese city of Wuhan
Summary
The world received with great shock the news of an outbreak of a viral disease, called corona virus popularly known as COVID-19 which was declared a global pandemic by world health organization (WHO) in the second Week of March, year 2020. The concepts of economic lockdown, social and physical distancing were recommended as the only means of containing the spread of this evil virus. These no doubt have caused severe hardship and terrible pain for the entire mankind living on the planet earth whether developed or underdeveloped countries. This paper examined the social economic and behavioral changes associated with COVID-19, the various efforts to cushion the effects on the people and different scenarios such as trade-off between corona virus and hunger virus, the wealth gain versus health loss, the health gain versus wealth loss as the case is in many countries, psychological disequilibrium due to loneliness caused by lockdown and isolation and different socio-economic mal-adjustment. This is followed by section five which highlights some of the lessons learnt against future occurrences while section six concludes the paper
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
