Search

Begin New Search Topic Economy Publication Year within 5 Years

991. The Impact of COVID-19 Pandemic on Small and Medium Enterprises in Bangladesh

Author:
Asadul Islam, Atiya Rahman, and Rafia Nisat
Publication Date:
12-2020
Content Type:
Working Paper
Institution:
BRAC Institute of Governance and Development (BIGD), Brac University
Abstract:
Like other economic players, the novel pandemic severely hit small businesses—the larger source of growth and employment but also the most vulnerable sector—by disrupting national and international business networks, supply chain, and demand. To understand the evolving state of small enterprises during pre, par, and post-lockdown periods, BIGD in collaboration with Monash University, Australia conducted a survey on small enterprises, mostly light-engineering firms, and young workers across 18 districts in Bangladesh. The study finds that lockdown measures caused the majority of small enterprises to shut down, and during the early period of relaxing the lockdown, one-third of the enterprises were operating at limited capacity. Demand drop and the burden of fixed costs to run the businesses were the prominent reasons behind the drastic fall in profit. As a result, workers were losing jobs and the gender gap was widening, because female labour-intensive work (i.e. beauty parlour, tailoring) was affected harder. Other findings of concern include the emerging vulnerabilities for the enterprises with lower endowment and poor access to government stimulus packages and other financial support. The study emphasises on the importance of concrete targeting criteria and support delivery platforms to assist more vulnerable enterprises. Finally, it highlights that the enterprises that received BRAC’s intensive training on occupational health and safety (OHS), along with business training and financial linkages, made double profit compared to their counterparts. However, the absolute amount of profit was substantially lower for both groups, compared to their pre-COVID profit, indicating the importance of scaling up such intensive training to create more resilient enterprises in such crises.
Topic:
Development, Employment, Economy, Business, Pandemic, and COVID-19
Political Geography:
Bangladesh and South Asia

992. Socio-Economic Impact Assessment of COVID-19 and Policy Implications for Bangladesh

Author:
Sultan Hafeez Rahman, Abdur Razzaque, Jillur Rahman, and Wasel Bin Shadat
Publication Date:
10-2020
Content Type:
Working Paper
Institution:
BRAC Institute of Governance and Development (BIGD), Brac University
Abstract:
The COVID-19 pandemic is causing unprecedented health and economic crisis for global economies, including Bangladesh. The economic and social disruption caused by the pandemic as reflected in a massive loss of human life worldwide, drastic decline in economic activities and employment, huge pressure on public health and other support services, social and physical distancing, etc. has been devastating. Since the first confirmed case of infection in March 2020, Bangladesh, like many other countries, had to consider some extraordinary measures including, amongst others, closure of all educational institutions, enforcement of economic shutdown measures and gradual reopening of economic activities, rolling out a stimulus package for business enterprises, etc. This study is motivated by the fact that understanding the economywide impact of Covid-19 has been challenging in Bangladesh. Global Trade Analysis Project (GTAP) model – a multi-region/multi-country computable general equilibrium comparative static framework – is utilized in this study to explore the potential impacts of COVID-19 induced disruptions for Bangladesh under three different alternative – low-shock, medium shock and high-shock scenarios. It outlines the transmission mechanisms through which the Bangladesh economy is being affected to assess the impact on major macroeconomic variables and sectoral outputs. These results are then incorporated into the social accounting matrix for Bangladesh to simulate the likely income and poverty effects for various types of households. This study also explores the likely impact of government support measures through the stimulus package in mitigating the adverse consequences.
Topic:
Economy, Public Policy, COVID-19, Health Crisis, and Socioeconomics
Political Geography:
Bangladesh and South Asia

993. Latin America and the New Global Order

Author:
Antonella Mori
Publication Date:
03-2020
Content Type:
Special Report
Institution:
Italian Institute for International Political Studies (ISPI)
Abstract:
Amid the coronavirus pandemic, global geopolitical relations are being shaken to their roots, and Latin America is no different. The region is experiencing new transformations in political, economic, and societal terms. In turn, all these rapid changes are having an impact on how Latin American countries shape their own foreign policies, and on how they adapt to the challenges of an increasingly multipolar world. How are the US, China, and the EU competing in terms of political alliances and economic projection on the Latin American region? And how are some of the main Latin American countries (namely Brazil, Mexico, and Venezuela) contributing to shape these new regional dynamics?
Topic:
Politics, European Union, Economy, Strategic Competition, COVID-19, and Multipolarity
Political Geography:
China, Brazil, Latin America, Venezuela, Mexico, and United States of America

994. The Belt and Road Initiative: The Sources of China’s Conduct, and India and Japan’s Responses

Author:
Hao Nan
Publication Date:
12-2020
Content Type:
Special Report
Institution:
Pacific Forum
Abstract:
The Belt and Road Initiative (BRI) is now more than seven years old, projecting ever-increasing influence throughout the world while stimulating growing concerns about China’s motives and behavior. This large-scale and multifaceted program benefits China, and not only economically, but in the politico-security sense. In response, India has stuck to its stance of distancing itself from the BRI while Japan has evolved past its initial rejection to selectively engage with the initiative. Tracing Chinese motives and conduct, along with the Indian and Japanese responses, back to the respective countries’ long-existing schools of strategic thought enables us to better decode current affairs and predict future dynamics.
Topic:
Security, Politics, Natural Resources, Infrastructure, Economy, and Belt and Road Initiative (BRI)
Political Geography:
Japan, China, South Asia, India, and Asia

995. Conflict and Coronavirus: How COVID-19 is Impacting Southeast Asia’s Conflicts

Author:
Jennifer Howe
Publication Date:
09-2020
Content Type:
Special Report
Institution:
Pacific Forum
Abstract:
Since COVID-19 spread out of China in January 2020, it has caused unprecedented damage to the global economy and national health systems. The virus also having serious ramifications for conflicts throughout the world. This paper reviews the literature up to its time of writing in July 2020 in order to assess how the coronavirus crisis has impacted conflicts in Southeast Asia. The paper found that the pandemic has been detrimental to conflict resolution in the region—it has hampered peacebuilding efforts and contributed to rising tensions. Moreover, the outbreak has enabled extremist organizations to operate more freely and make government lockdowns and the economic downturn a part of their recruitment messaging. Conflict-affected populations are confronted by the dual impact of disease and violence—health systems have been weakened by years of conflict, violence is obstructing the delivery of aid, and forcibly displaced communities are living in unsanitary and crowded camps, incapable of handling a viral outbreak. Women in unstable settings are particularly vulnerable as gender-based violence increases, while services essential to their health and wellbeing are being forced to close. The paper concludes with policy recommendations in view of the effects the virus is having on Southeast Asian conflicts. Recommendations emphasize the importance of supporting local peacebuilders and implementing response and recovery measures that work towards a fairer post-pandemic society.
Topic:
Conflict Resolution, Economy, Conflict, COVID-19, Peacebuilding, and Gender
Political Geography:
Southeast Asia

996. China’s Activities in the South Caucasus: Issue 2, 27.07.2020 – 23.08.2020

Author:
Medea Ivaniadze
Publication Date:
08-2020
Content Type:
Special Report
Institution:
Georgian Foundation for Strategic International Studies -GFSIS
Abstract:
The digest covers China’s political, diplomatic, economic and other activities in the South Caucasus region and relations between China and the South Caucasus countries. It relies on a wide variety of sources, including the Chinese media. It is worth noting that the Chinese media is controlled by the Communist Party of China (according to the World Press Freedom Index China is nearly at the bottom of the list and ranks 177th out of 180 countries)
Topic:
Diplomacy, Politics, Media, Economy, and Belt and Road Initiative (BRI)
Political Geography:
China, Eurasia, Caucasus, Georgia, and South Caucasus

997. Impact of Anti-Pandemic Restrictions and Government Anti-Crisis Measures on Employment, Incomes and the Poverty Level in Georgia

Author:
Merab Kakulia and Nodar Kapanadze
Publication Date:
12-2020
Content Type:
Special Report
Institution:
Georgian Foundation for Strategic International Studies -GFSIS
Abstract:
The COVID-19 pandemic has posed unprecedented challenges to the world economy. It is no coincidence that the crisis provoked by the pandemic has been compared to the largest economic crises of the last hundred years such as the “Great Depression” of 1929-1933 and the “Great Recession” of 2008-2009. According to the International Monetary Fund, the “Great Lockdown” (Gopinath, 2020) has simultaneously weakened economic activity around the world, sharply reduced household consumption, particularly harmed the service sector and severely hit the labor market and international trade (IMF, 2020). The result was a massive loss of jobs and a depletion of regular sources of income for households, precipitating a real threat of a sharp rise in poverty. Clearly, Georgia has not been able to avoid these events, even more so since the service sector particularly affected by the pandemic crisis, including the tourism industry, accounts for 74 percent of the country's economy (Geostat, 2019). Although the spread of the disease was initially relatively small in the face of anti-pandemic restrictions imposed by the government, the country's economy has suffered greatly. To at least partially offset the severe socio-economic consequences caused by the restrictions to prevent the further spread of COVID-19, including forced home isolation, governments around the world, among them the Georgian government, have started to implement anti-crisis measures. However, the assessment of their effectiveness proved to be difficult in the view of an almost continuous increase in the scale of the pandemic. The following study aims to evaluate the: - Direct impact of state anti-pandemic restrictions on employment and unemployment; - Role of government emergency anti-crisis measures in mitigating the negative impact of antipandemic restrictions, including lockdowns, on employment and unemployment; - Employment and unemployment forecast for 2020-2021, taking into account the results of the first wave of the pandemic; - Direct impact of anti-pandemic restrictions on the dynamics and structure of household incomes; - Role of government emergency anti-crisis measures in neutralizing the negative impact of anti-pandemic restrictions on household incomes; - Household income forecast for 2020-2021, taking into account the results of the first wave of the pandemic; - Direct impact of anti-pandemic restrictions on the poverty level according to the subsistence minimum (extreme poverty line); - Role of government emergency anti-crisis measures in preventing a rise of extreme poverty as a result of anti-pandemic restrictions; - Forecast of extreme poverty levels for 2020-2021 taking into account the results of the first wave of the pandemic; - Effectiveness of government emergency anti-crisis measures.
Topic:
Economy, Crisis Management, Pandemic, and COVID-19
Political Geography:
Eurasia, Caucasus, and Georgia

998. China and geopolitical considerations for investment screening in the Netherlands

Author:
Brigitte Dekker, Frans-Paul van der Putten, and Xiaoxue Martin
Publication Date:
12-2020
Content Type:
Policy Brief
Institution:
Clingendael Netherlands Institute of International Relations
Abstract:
This policy brief analyses whether there are grounds for the Dutch government to conduct critical assessments of direct investments, particularly from China, from a geopolitical perspective. The economic consequences of the COVID-19 pandemic warrant continued critical oversight of Chinese foreign investments and screening of such investments. Particularly during the current difficult times for the Dutch economy, there are new opportunities for Chinese investors as a result of increased needs for capital and/or new markets on the part of Dutch companies. This policy brief argues that from a geopolitical perspective there are two grounds for the Dutch government to screen investments: the Netherlands’ need to keep pace with changes in the geopolitical stance of the US and other Western countries towards China; and the risk that the Netherlands and the EU could lose a large part of their capacity for autonomous action in a geopolitical context. Hence there are two criteria that investment screening must fulfill. The first is that it must take account of the security and geopolitical implications of investments in high-tech companies. The second is that it must be aimed at preventing a high degree of strategic dependence on a single operator.
Topic:
Foreign Direct Investment, Geopolitics, Economy, Investment, and COVID-19
Political Geography:
China and Asia

999. The Erdogan Doctrine: Turkey’s regional strategy

Author:
Al Jazeera Center for Studies
Publication Date:
10-2020
Content Type:
Policy Brief
Institution:
Al Jazeera Center for Studies
Abstract:
Turkey’s involvement in various conflicts is a reflection of the Erdogan Doctrine that was formed by internal transformations that have led to the creation of a sophisticated military industry and a prosperous economy and shifted its view of its external role as an independent regional power.
Topic:
Military Affairs, Economy, Conflict, Erdogan, and Regional Power
Political Geography:
Turkey and Middle East

1000. K-12: COVID-19 Disruption Must Lead To Overdue Reform

Author:
Committee for Economic Development of the Conference Board
Publication Date:
07-2020
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
High quality education is a critical pathway to career success and economic mobility, particularly for students from low-income backgrounds.1 An education system that invests in children beginning at the earliest ages and supports their development as both citizens and skilled workforce entrants of the future—with both in-demand cutting-edge abilities and knowledge and the tools to continue to upgrade their education and training across the course of their career—is a necessity to ensuring that US employers remain globally competitive and that all Americans share in broad-based and growing prosperity in the 21st century. Pre-pandemic, even with low measured unemployment, there were reasons to be worried that US education was failing to live up to its full potential to better serve many students. Employers remained worried about the preparedness of the workforce, with nearly 40 percent of employers reporting that they couldn’t attract workers with the skills they needed, even for entry-level jobs.2 Despite the lure of higher average wages and employment rates for college graduates, a third of recent high school graduates did not enroll in college in October of 2019, and based on past studies, only about forty percent of students who do enroll in college will complete a degree within six years.3 In 2018, nearly a quarter of full-time workers aged 25 to 64 were earning less than $15 per hour and the labor force participation of American workers between the ages of 25 and 54 remained stubbornly low.4 Policymakers, educators, and business leaders were already faced with the task of improving the status quo; as outlined in Early Education and Child Care: The Essential Sector and Developing the Future Workforce: Revitalizing Postsecondary Education and Training After COVID-19, the COVID-19 pandemic has upended the nation’s education and training at every level. Elementary and secondary education is no exception. The disruption to date has already set back student learning, widened existing educational disparities, and placed K-12 schools under enormous pressure to chart a viable path forward through the end of the pandemic even as local conditions remain subject to rapid change.
Topic:
Education, Reform, Economy, Economic Mobility, and COVID-19
Political Geography:
North America and United States of America