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. 2020 Nov 12;11:585897. doi: 10.3389/fpsyg.2020.585897

TABLE 1.

Impact of COVID-19 and future perspective to improve health, economy, sustainability, and quality of life.

Author/Year Assessment Implications Future perspective
Moti and Ter Goon, 2020 Impact on the health and the economy As compared to the developed countries, the developing nations and poor nations such as African countries with a compromised health structure have been greatly affected. New policies should be implemented that focus on economic recovery as there has been inflation for essential goods and services. Government should strategically execute revised norms to combat the pandemic. It should implement a mitigation policy and a post-pandemic policy. The mitigation policy should target the nation’s health sector. It will include various new changes to deal with the pandemic such as defined containment measures, protection of health workers with additional benefits. Increased supply of the sanitizers and other Personal Protection Equipment (PPE). Regional opening of testing centers. Online education aimed at improving the awareness regarding the risks associated with COVID-19 and how to successfully manage them. The post-pandemic recovery policy will ensure that individual follow social distancing properly and also abide by the lockdown rules. For people to sustain they can be allowed to work for specific hours at offices, avoiding gatherings, etc. so that the businesses as well as the citizens are not at a loss.
Sarkodie and Owusu, 2020 Assessed impact on the environment, health and economy. Air pollution has declined, however, the amount of medical waste has dramatically increased. Several fiscal measures, changes in the monetary policies and economy recovery have been shared by private sectors across numerous countries. Of 143 countries, United Kingdom ranks with the highest level of uncertainty in the assessment of pandemic uncertainty. Among 162 countries, United States has implemented the greatest policy cuts. Due to the crisis, many developing and developed countries will face recession as they have introduced several new policies such as fiscal, and monetary measures, and additional welfare costs with health policies. This has impacted developing and weaker nations badly. To deal with the economic slowdown, these countries will adapt to a scaled effect. Priority will be given to resource depletion over the sustainable utilization Governments across all the nations should aim to achieve an outcome ensuring that health, economy and sustainable development are not compromised once we recover from the pandemic.
Berchin and de Andrade Guerra, 2020 Impact on sustainable development of all the sectors COVID-19 has led to an increased demand of healthier and organic food making the various food systems susceptible. The impact of the pandemic is largely observed among women, children, elderly, wage workers, and small and medium enterprises (SMEs). Several measures should be taken to achieve a balance among all sectors: Regional mobilization: Policies to ensure trade is continued and involves private firms to help small and medium enterprises. Global support to combat the risk associated with the cross-border transactions. Enhanced accessibility of technology: With the changing world and innovation occurring at a faster pace, technology should be provided in all the rural areas so people can access all kinds of information post-pandemic. Revised Policy: Policies to strengthen the overall system and not only focus solely on financial growth. Education: Encourage use of technologies and distance learning irrespective of the region or nationality.
Donald, 2020 Impact on management and leaders; business and the decision models The design models of many organizations were based on the lack of creativity and flexibility, which were favorable 30 to 40 years ago. The importance of decision making, risk management, and involvement of stakeholders that worked previously needs modification in the present situation. New organizational structures are required, based on innovation, confidence, risk taking attitude, and flexibility. In the newly-designed organizations there should be no restricted roles, responsibilities, or structure. Training should be conducted so everyone is adaptive and can modify their needs as per requirements.
Kottika et al., 2020 Impact on SMEs involving business and consumer markets There has been economic breakdown in the growth of United States GDP as it decreased by 4.8% in the first quarter of 2020. In European nations, GDP shrunk by 3.8% in the same period It is important to develop entrepreneurial personality traits as it is clearly shown that their attitude plays a significant role in the orientation of SMEs. A high quality of service should be provided to consumers following specific protocols that are open to change depending on the market situation.
Etemad, 2020 Impact on the quality of life, economy, as well as the organization of various institutions. There has been a slowdown in the functioning of all sectors whether in a large or a small city, rural area or urban place. However, SMEs are the ones that have been impacted the most due to the pandemic. The situation prior to the crisis should be assessed closely, and processes followed regarding entrepreneurial and internationalization perspectives. A review and reevaluation of sectors should be done to maximize financial support to those who cannot recover on their own.