Cushioning the Economy From COVID-19: A Commentary on the Approaches Adopted by Major Nations

Cushioning the Economy From COVID-19: A Commentary on the Approaches Adopted by Major Nations

Gaurav Nagpal, Vishesh Arora, Shashank Madishetti, Himanshu Seth, Namita Ruparel
ISBN13: 9781799869269|ISBN10: 1799869261|EISBN13: 9781799869276
DOI: 10.4018/978-1-7998-6926-9.ch011
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MLA

Nagpal, Gaurav, et al. "Cushioning the Economy From COVID-19: A Commentary on the Approaches Adopted by Major Nations." Handbook of Research on Reinventing Economies and Organizations Following a Global Health Crisis, edited by Teresa Gomes da Costa, et al., IGI Global, 2021, pp. 181-201. https://doi.org/10.4018/978-1-7998-6926-9.ch011

APA

Nagpal, G., Arora, V., Madishetti, S., Seth, H., & Ruparel, N. (2021). Cushioning the Economy From COVID-19: A Commentary on the Approaches Adopted by Major Nations. In T. Costa, I. Lisboa, & N. Teixeira (Eds.), Handbook of Research on Reinventing Economies and Organizations Following a Global Health Crisis (pp. 181-201). IGI Global. https://doi.org/10.4018/978-1-7998-6926-9.ch011

Chicago

Nagpal, Gaurav, et al. "Cushioning the Economy From COVID-19: A Commentary on the Approaches Adopted by Major Nations." In Handbook of Research on Reinventing Economies and Organizations Following a Global Health Crisis, edited by Teresa Gomes da Costa, InĂªs Lisboa, and Nuno Miguel Teixeira, 181-201. Hershey, PA: IGI Global, 2021. https://doi.org/10.4018/978-1-7998-6926-9.ch011

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Abstract

The COVID-19 pandemic has left the world in complete disarray. Different economies around the world have tackled the COVID-19 pandemic differently, with several monetary and fiscal policies being introduced to combat the devastating effects the pandemic has had on the economy. This chapter focuses on some of the most economically powerful countries and their policies to overcome pandemic-related adversities. More importantly, it gives insights on how COVID-19 is different from earlier crises in terms of its characteristics and also in terms of the uniqueness of the initiatives taken by the major economies in mitigating its impact. The chapter also discusses how the new-age technologies can help manage this crisis better. The study also discusses the implications for the policymakers, the governments, the executioners, and the think tanks or consultants to the decision makers.

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