Comparative analysis of international crisis management in Covid-19 pandemic
Abstract
The article identifies economic shocks that accompanied previous pandemics and the features of the 2020 recession. An analytical review of typical measures for overcoming the COVID-19 pandemic and mitigating its economic consequences allowed the authors to identify problems common to all countries and specific challenges for groups of countries. The research made it possible to conclude that in 2020 the vector of support in Russia coincides with the directions of support in most countries, while in the past crises Russia has gone its own way. The authors justify, that applying a network approach to government anti-crisis programs may largely increase their success.
References
Accounts Chamber of the Russian Federation (2020). Available at: https://ach.gov.ru/en [Accessed: 8.09.2020].
Aganbegyan, A. G. (2019). “On overcoming stagnation, recession and achieving 5 % growth”. In S.Bodrunov (Ed.), "Foresight "Russia»: Economic revival of Russia. pp.17-23. Available at: file:///C:/Users/E8F7~1/AppData/Local/Temp/o-preodolenii-stagnatsii-retsessii-i-dostizhenii-pyatiprotsentnogo-rosta.pdf [Accessed: 01.09.2019].
Anshin V, Bobyleva A. (2021) “The digital transformation program management in medium-sized businesses: a network approach”. Serbian Journal of Management, 16 (1) pp.147-159.
Bobyleva A.Z., Anshin V.M., Ptitsyn A.V.(2020) “New Challenges: Comparative Analysis of International Reactive Anti-Crisis Measures in Response to COVID-19”, Public administration e-journal, 4(81), pp.24-48 (in Russian). Available at: http://ee-journal.spa.msu.ru/uploads/vestnik/2020/issue__81._august_2020_/administrative_problems_theory_and_practice/bobyleva_anshin_ptitsyn.pdf [Accessed: 02.09.2020].
Bobyleva, A.Z. (2016). “The results of stabilization and anti-crisis measures’ implementation in 1990-2015 in Russia: overview of the main indicators”, Vestnik Moskovskogo universiteta. Ser. 21. Upravleniye (gosudarstvo i obshchestvo), 4, pp.43–61.
Bilgina G., Ekena G., Ozyurta B., Dikmena I., Birgonula M.T., Ozorhonb B. (2017) “Handling project dependencies in portfolio management”. Procedia Computer Science, 121, 356–363.
Eichenbaum M., Rebelo S., Trabandt M. (2020). “The Macroeconomics of Epidemics”. In NBER Working Paper 26882. National Bureau of Economic Research., United Kingdom: Cambridge, MA.
Federal state statistics service (2020). National accounts. Available at: https://rosstat.gov.ru/accounts [Accessed: 02.09.2020].
Federal state statistics service (2020)
Fisher, I. (1911) The Purchasing Power of Money: Its determination and relation to credit, interest and crises. New York: Macmillan.
Keynes, J.M. (1936). The general theory of employment, interest and money. United Kingdom: Macmillan Cambridge University Press.
Kondratiev, N.D. (2015). Large cycles of conjuncture and the theory of foresight. Selected works. Мoscow: Academic project.
Kose, M., Sugawara, N., Terrones, M. (2020) Global recessions. Washington DC: The World Bank.
Marks, K. (1867). Capital. In K. Marks, F. Engels. Sochineniya. 2nd ed. (1955) Moscow: State publishing house of political literature, v.23.
News Business (2020). Available at: https://news2.ru/story/593720/, https://tass.ru/info/8088363 [Accessed: 8.04.2020].
Roskongress. (2020). The space of trust (Prostranstvo doveriya). Available at: https://roscongress.org/upload/medialibrary /c98/Obzor eco mer final2.pdf. [Accessed:20.07.2020].
Russian Foreign Trade (2020). Available at: https://russian-trade.com/reports-and-reviews/2020-08/vneshnyaya-torgovlya-rossii-v-1-polugodii-2020-goda [Accessed:20.07.2020].
Salnikova M. How the GDP of different countries fell. Available at: https://zen.yandex.ru/media/mariasalnikova/kak-upali-vvp-raznyh-stran-5f340b2c70c3ca5ad973a1ae [Accessed: 20.09.2020].
Stiglitz J. (2000). What I learned at the world economic crisis. Available at: https://www.yorku.ca/drache/talks/2000/pdf/ stiglitz_worldban.pdf [Accessed: 03.06.2020].
Tax Rebate Proposal in the Federal CARES Act. (25 March 2020). Available at: https://itep.org/tax-rebate-proposal-in-senate-compromise-bill. [Accessed: 03.06.2020].
Thiry M. Program Management. Routledge Taylor and Francis Group, London and New York, 2015.
World Bank 2020. Global Economic Prospects, June 2020. Washington, DC: World Bank. DOI: 10.1596/978-1-4648-1553-9. Available at: http://documents1.worldbank.org/ curated/en/502991591631723294 /pdf/Global-Economic-Prospects-June-2020.pdf. [Accessed:03.06.2020].
World Bank 2021. Global Economic Prospects June 2021 Available at: https://openknowledge.worldbank.org/bitstream/handle/ 10986/35647/9781464816659.pdf?sequence=10&isAllowed=y [Accessed: 25.12.2021]
World Economic Outlook Update (June 2020) Available at: https://www.imf.org/en/Publications/WEO/Issues/2020 /06/24/WEO UpdateJune2020.) [Accessed: 7.07.2020].
Copyright (c) 2022 Alla Bobyleva
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
The authors retain rights under the Creative Commons Attribution-ShareAlike 4.0 International CC BY-SA 4.0. Authors assign copyright or license the publication rights in their articles, including abstracts, to MIP=JIBM. This enables us to ensure full copyright protection and to disseminate the article, and of course MIP=JIBM, to the widest possible readership in electronic format. Authors are themselves responsible for obtaining permission to reproduce copyright material from other sources.
