THE WORLD DECLINING ECONOMY AND CORONAVIRUS PANDEMIC: SYSTEMS SHOULD BE CONTINUED
The appearance of coronavirus disease which is called COVID-19 in China on December 2019 has led to huge global outbreak that is strongly related to the bad health issue in the whole world. As of 27 March 2020, data from the World Health Organization have shown the countries, territories or areas w...
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| Format: | Article |
| Language: | English |
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iVolga Press
2020-06-01
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| Series: | Russian Journal of Agricultural and Socio-Economic Sciences |
| Subjects: | |
| Online Access: | https://rjoas.com/issue-2020-06/article_11.pdf |
| _version_ | 1797706586347536384 |
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| author | Alabdullah T.T.Y. Ahmed E.R. Nor M.I. |
| author_facet | Alabdullah T.T.Y. Ahmed E.R. Nor M.I. |
| author_sort | Alabdullah T.T.Y. |
| collection | DOAJ |
| description | The appearance of coronavirus disease which is called COVID-19 in China on December 2019 has led to huge global outbreak that is strongly related to the bad health issue
in the whole world. As of 27 March 2020, data from the World Health Organization have shown the countries, territories or areas with reported laboratory-confirmed COVID-19 cases and deaths. It shows that the most affected European country is Italy, where the total confirmed cases are 80539, while in Western Pacific Region, China was the first affected country by 82078 as total confirmed cases; however, the United States of America has total confirmed cases of 68334. Thus, the authorities of public health around the world must keep supervising the situation carefully, as the more the scientists can search about this deadly virus and its associated outbreak, the response and result will be better. Otherwise, the situation will go further to include damage to the whole world including the economic severe crisis. Based on that, the current study uniquely contributes to suggesting which systems should be continued under the unusual economic changes facing the whole world because
of this awful pandemic. This study takes advantage of the 2020 financial crisis due
to Coronavirus as a sudden and negative exogenous trauma that influenced the economies of all countries and the rest of the vital and social pillars in the world via focusing on Corporate Governance and Islamic Finance Industry as control systems and methods that should be continued in the time of the current pandemic. Noting that because of the current pandemic, there has been a shift to digital platform instead of keeping on using physical financial documents and this will lead to a diversity in purposes, highly efficient trade and secure. |
| first_indexed | 2024-03-12T05:54:29Z |
| format | Article |
| id | doaj.art-6bfc80e32ff04424850a68d67bbe0385 |
| institution | Directory Open Access Journal |
| issn | 2226-1184 |
| language | English |
| last_indexed | 2024-03-12T05:54:29Z |
| publishDate | 2020-06-01 |
| publisher | iVolga Press |
| record_format | Article |
| series | Russian Journal of Agricultural and Socio-Economic Sciences |
| spelling | doaj.art-6bfc80e32ff04424850a68d67bbe03852023-09-03T04:48:39ZengiVolga PressRussian Journal of Agricultural and Socio-Economic Sciences2226-11842020-06-011026899610.18551/rjoas.2020-06.11THE WORLD DECLINING ECONOMY AND CORONAVIRUS PANDEMIC: SYSTEMS SHOULD BE CONTINUEDAlabdullah T.T.Y.0Ahmed E.R.1Nor M.I.2Department of Accounting, College of Administration and Economics, University of BasrahCollege of Economics, Management and Information Systems, University of NizwaSIMAD UniversityThe appearance of coronavirus disease which is called COVID-19 in China on December 2019 has led to huge global outbreak that is strongly related to the bad health issue in the whole world. As of 27 March 2020, data from the World Health Organization have shown the countries, territories or areas with reported laboratory-confirmed COVID-19 cases and deaths. It shows that the most affected European country is Italy, where the total confirmed cases are 80539, while in Western Pacific Region, China was the first affected country by 82078 as total confirmed cases; however, the United States of America has total confirmed cases of 68334. Thus, the authorities of public health around the world must keep supervising the situation carefully, as the more the scientists can search about this deadly virus and its associated outbreak, the response and result will be better. Otherwise, the situation will go further to include damage to the whole world including the economic severe crisis. Based on that, the current study uniquely contributes to suggesting which systems should be continued under the unusual economic changes facing the whole world because of this awful pandemic. This study takes advantage of the 2020 financial crisis due to Coronavirus as a sudden and negative exogenous trauma that influenced the economies of all countries and the rest of the vital and social pillars in the world via focusing on Corporate Governance and Islamic Finance Industry as control systems and methods that should be continued in the time of the current pandemic. Noting that because of the current pandemic, there has been a shift to digital platform instead of keeping on using physical financial documents and this will lead to a diversity in purposes, highly efficient trade and secure.https://rjoas.com/issue-2020-06/article_11.pdfcovid-19economic impactcrisisfinanceeconomics |
| spellingShingle | Alabdullah T.T.Y. Ahmed E.R. Nor M.I. THE WORLD DECLINING ECONOMY AND CORONAVIRUS PANDEMIC: SYSTEMS SHOULD BE CONTINUED Russian Journal of Agricultural and Socio-Economic Sciences covid-19 economic impact crisis finance economics |
| title | THE WORLD DECLINING ECONOMY AND CORONAVIRUS PANDEMIC: SYSTEMS SHOULD BE CONTINUED |
| title_full | THE WORLD DECLINING ECONOMY AND CORONAVIRUS PANDEMIC: SYSTEMS SHOULD BE CONTINUED |
| title_fullStr | THE WORLD DECLINING ECONOMY AND CORONAVIRUS PANDEMIC: SYSTEMS SHOULD BE CONTINUED |
| title_full_unstemmed | THE WORLD DECLINING ECONOMY AND CORONAVIRUS PANDEMIC: SYSTEMS SHOULD BE CONTINUED |
| title_short | THE WORLD DECLINING ECONOMY AND CORONAVIRUS PANDEMIC: SYSTEMS SHOULD BE CONTINUED |
| title_sort | world declining economy and coronavirus pandemic systems should be continued |
| topic | covid-19 economic impact crisis finance economics |
| url | https://rjoas.com/issue-2020-06/article_11.pdf |
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