Impact of COVID-19 on Economic Activities and Poverty Threats in the Asia-Pacific Region
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Abstract
This paper discusses the impact caused by a virus outbreak called coronavirus disease (COVID-19). The virus initially appeared in Wuhan, China, in late 2019, then spread throughout the world, including the Asia-Pacific Region (APR). COVID-19 is believed to have damaged health and the global economy. Unlike the crisis that was caused by many previous disruptions, the impact caused by COVID-19 is wider and bigger. Many economic sectors have been paralyzed and suffered losses, such as production and trade. Export-import cooperation has become a dependency between countries, and this has also been hampered due to the rapid spread of this pandemic. Then, the closure of transportation access and the suggestion to stay at home has made the tourism sector sluggish. Meanwhile, another effect of this pandemic is the emergence of new poor groups due to the rise in layoffs. This study uses qualitative research methods to search for theoretical references relevant to cases or problems found in various works of literature, mainly scientific journals, books, reports, and actual and trusted news on the internet. This study aims to explore the potential of COVID-19 that not only threatens health, but also social, political, and economic spheres. From the analysis, it was concluded that COVID-19 could inhibit all global socio- economic activities that threaten the success of realizing Sustainable Development Goals (SDGs), but on the other hand, this pandemic can also be momentum for a more sustainable life order.
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RASSANJANI, Saddam et al.
Impact of COVID-19 on Economic Activities and Poverty Threats in the Asia-Pacific Region.
Policy & Governance Review, [S.l.], v. 5, n. 1, p. 82-96, jan. 2021.
ISSN 2580-4820.
Available at: <http://journal.iapa.or.id/pgr/article/view/353>. Date accessed: 26 jan. 2021.
doi: https://doi.org/10.30589/pgr.v5i1.353.
Section
Articles
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
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Hassanain, K., & Saaid, A. E. (2016). Zakah for Poverty Alleviation: Evidence from Sudan. International Research Journal of Finance and Economics, 154, 83-104. Retrieved from shorturl.at/gtF07
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ILO. (2014). World Social Protection Report 2014-15: Building Economic Recovery, Inclusive Development and Social Justice. Retrieved from shorturl.at/fhilS
Ivanov, S. & Ayas, Ç. (2017). Investigation of the Revenue Management Practices of Accommodation Establishments in Turkey: An Exploratory Study. Tourism Management Perspectives, 22, 137-149. doi: 10.1016/j.tmp.2017.03.007
Iyer, L., & Topalova, P. B. (2014). Poverty and Crime: Evidence from Rainfall and Trade Shocks in India. Harvard Business School BGIE Unit Working Paper No 14-067. Retrieved from shorturl.at/aszCN
Karabag, S. F. (2020). An Unprecedented Global Crisis! The Global, Regional, National, Political, Economic and Commercial Impact of the Coronavirus Pandemic. Journal of Applied Economics and Business Research, 10(1), 1-6. Retrieved from shorturl.at/szBNV
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Mahler, D. & Lakner, C. (2020). This is the Effect COVID-19 Will Have on Global Poverty, According to the World Bank. Retrieved from shorturl.at/iuyK7
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McEntire, D. A. (2005). Emergency Management Theory: Issues, Barriers, and Recommendations for Improvement. Journal of Emergency Management, 3(3), 44-54.
McGowan, M. (2020). Virus to Test our Economy and Social Fabric. Advocate: Journal of the National Tertiary Education Union, 27(1), 3. Retrieved from shorturl.at/uGOS4
OECD. (2020). Global Economy Faces Gravest Threat since the Crisis as Coronavirus Spreads. Retrieved from shorturl.at/mzJPU
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