Social responsibility of business and government in the conditions of the COVID-19 pandemic

George Abuselidze and Anna Slobodianyk

EconStor Open Access Articles and Book Chapters, 2020, vol. 210

Abstract: The paper has proved that socially responsible activities of enterprises in the current conditions are considered as an example of solidarity of business and the society in terms of contributing on improving the living standards of the population, in particular, to ensure decent conditions and remuneration, enhancing health care, reducing negative impacts on the environment. The article analyses the fact that due to the spread of COVID-19, businesses around the world are counting losses, and governments are developing anti-crisis measures for national economies. However, in a country with small open economies, a new significant expansion of the set of measures to the existing list can lead to the loss of millions of jobs and significant losses of budgets at various levels. It has been proven that entrepreneurs are responsible for the well-being of millions of employees and are also looking for possible ways to prevent the shutdown of enterprises, to avoid more complex consequences in order not to leave a significant part of the population without the means of subsistence. Therefore, for small open economies in a system of such methods, it is important to focus on the synergetic effect of the implementation of the socially responsible relationship of business, government, and individuals in the period of introduction of quarantine measures and dissemination practices for the implementation of socially responsible activities on macro and micro level which will get a positive result and minimize job loss of millions of people.

Keywords: Socially Responsible Business; Social Entrepreneurship; CSR; Quarantine measures; Pandeconomy; Covid-19 (search for similar items in EconPapers)
JEL-codes: H55 L31 M14 Z13 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/234515/1/210-15016-2020.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:espost:234515

DOI: 10.1051/e3sconf/202021015016

Access Statistics for this article

More articles in EconStor Open Access Articles and Book Chapters from ZBW - Leibniz Information Centre for Economics Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().