COVID-19 Outbreak and Behavioral Maladjustments: A Shift from a Highly Globalized World to a Strange World of Unique Isolationism

Matthew Dada

Journal of Economics and Behavioral Studies, 2020, vol. 12, issue 4, 43-58

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

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:rnd:arjebs:v:12:y:2020:i:4:p:43-58

DOI: 10.22610/jebs.v12i4(J).3081

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