13 Jul 2022

113

Covid-19 Pandemic; Recession, Virtual Revolution Leading to De-globalization?

Format: MLA

Academic level: University

Paper type: Essay (Any Type)

Words: 664

Pages: 3

Downloads: 0

The research study aims to determine the effect of the novel coronavirus on global trends, and problems experienced by leaders of organizations in different parts of the world and administrative processes in businesses. Challenges such as communities and the economy intensification in virtualization deglobalization and the economy’s recession phase are also deliberated in the research study. The method used in the study was literature review. The findings of the study reveal that individual countries are entering a recession and stagnation phase due to the coronavirus impacts. The author recommends that the impacts of the coronavirus pandemic should be studied and researched more in the future. 

Analysis 

The method of study used in the research is literature review which includes reports from financial institutions. The author utilizes a comprehensive summary of previous works of different authors and other various sources related to the research ( Sułkowski,2 2020) . The data used was secondary data which consisted of previous research done by multiple in relation to the research topic. 

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The research article has a weakness whereby the author notes that there is no current research on the cultural and social effects of the coronavirus pandemic. Moreover, the author notes even with the experience of media information and statistics. The assessment of the impacts is multidimensional and subject to uncertainty. 

The findings of the study  

From institutional reports and literature reviews, the study found out that the economies of various states are moving towards a phase of recession and stagnation, which is likely to result to a global recession. The research also shows that the attitudes of the government functions in healthcare might change in conjunction with international financial institutions and roles of states. A significant change that might happen is the virtualization of communication ( Sułkowski,2 2020) . However, it was challenging to assess whether the covid-19 pandemic will affect governmental decisions at a national level, deglobalization, and globalization. Thus, the article is significant as it considers the effect of the covid-19 pandemic on globalization and economic functioning ( Sułkowski,2 2020) . Moreover, the author found out that the virtualization of the economy and globalization would continue even after the end of the coronavirus pandemic. 

The Impact of the COVID-19 Pandemic on Suicide Rates 

Summary 

Research studies shows that the coronavirus pandemic has deep social and psychological effects. The effects psychologically will most likely persist even after the end of the pandemic. Research has shown that insomnia, fear of contagion, depression, anxiety, and distress are associated with the covid-19 pandemic among healthcare professionals and the general population. Economic difficulties, social isolation, chronic stress, fear of contagion, and anxiety might result to the worsening or development of anxiety, psychiatric disorders, anxiety, depression, and substance abuse in susceptible populations, which includes people in areas prevalent with covid-19 and people with pre-existing psychiatric conditions. Psychiatric conditions that are related to stress include substance and mood disorders and are linked with suicidal behavior. The method used in the study was literature review. The study found out that the coronavirus pandemic is linked with depression, insomnia, fear of contaminating others, anxiety and distress among the general population. The author recommends that individuals should be encouraged to maintain relationships and stay connected through constant communication, get enough sleep, exercise and consume healthy foods during the coronavirus pandemic to reduce risks associated with the virus. 

Analysis 

The method used in the study was a literature review whereby the author utilized the use of secondary sources, by different individuals to examine covid-19 pandemic effects on healthcare professionals, the general population mental health, and people with pre-existing psychiatric disorders.  

The weakness in the study is that the method of conducting the research could be biased in the selection of studies for the literature reviews. 

Findings 

The study found out that there is an increased likelihood that the suicidal rates will increase in most states worldwide. Moreover, it was established that psychiatric conditions such as substance use, anxiety, mood, and sleep disorders are linked with suicidal behavior. Additionally, there exists a high likelihood that coronavirus survivors have an increased risk of committing suicide ( Sher,2020) . Stressful experiences such as hospitalization, income loss, fear of contaminating people, and the illness’ symptoms might lead to post-traumatic stress disorder, depression, and anxiety. Additionally, social separation is involved in the pathophysiology of suicidal behavior and psychiatric disorders. Also, the impact of economic problems linked with coronavirus on mental health might be severe as most individuals worldwide have lost their employment due to the pandemic. 

References 

Sher, L. (2020). The impact of the COVID-19 pandemic on suicide rates.  QJM: An International Journal of Medicine 113 (10), 707-712. 

Sułkowski, Ł. (2020). Covid-19 pandemic; recession, virtual revolution leading to de-globalization?  Journal of Intercultural Management 12 (1), 1-11. 

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StudyBounty. (2023, September 16). Covid-19 Pandemic; Recession, Virtual Revolution Leading to De-globalization? .
https://studybounty.com/covid-19-pandemic-recession-virtual-revolution-leading-to-de-globalization-essay

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