Impact of the COVID-19 Outbreak on the World and the Inspirations

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Abstract

The paper uses the balanced analysis method to systematically study the impact of the global coronavirus outbreak on the world, analyzes in depth the challenges posed by COVID-19 on global governance capacity, analyzes the causes of the pandemic at the macro level and especially proposes the strategic thinking for enhancing global governance capacity and the countermeasures against the pandemic. The coronavirus knows no national boundary, which requires humankind to stand closely together. Under the pandemic, “home quarantine” seems a most primitive traditional measure, but is actually the most effective approach that is about life or death. COVID-19 may change some ways human behave, pose severe impact on global production and demand, foster unilateralism, intensify geopolitical conflicts, undermine global economic integration, challenge global governance capacity and push China and U.S. closer to cold war.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Dr. Zou Lixing. 2020. "Impact of the COVID-19 Outbreak on the World and the Inspirations". Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 20 (GJMBR Volume 20 Issue B5).

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords
Classification
GJMBR-B Classification JEL Code: F49
Version of record

v1.2

Issue date
May 15, 2020

Language
English
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Impact of the COVID-19 Outbreak on the World and the Inspirations

Dr. Lixing
Dr. Lixing