FORMALIZATION THE ASSESSMENT PROCESS OF THE COVID-19 IMPACT ON THE COMPETITIVE MARKETS AND ECONOMIES
Section "Economics": Economic and Legal Problems of Sustainable Development
Abstract
The article describes the influence of COVID-19 on different economic parameters such as FDI flows, unemployment, global partnership. It covers changes in the stock market, electronics, IT sphere, and industrial area. The main industrial results are shown through aircraft products, commodities sector, steel sector, car manufacture. The analysis of the impact of COVID-19 on economies proposed to be done via competitive markets. Since it has different degrees of depth and scale of research and, unfortunately, there is no approach that analyzes all aspects of the economy or market simultaneously, authors proposed their own approach. The proposals are based on integrated and systematic approaches with an economic analysis of the impact of coronavirus on a competitive market. It is a complex model since market conditions are very unstable and depend on numerous factors of internal and external influence, hence it should cover all aspects of market activities. The method is composed of proposed basic principles of formalizing the process of assessment. These principles build on the potential to contribute to finding solutions to problems caused by negative impact of the COVID-19 on markets and consequently on economies.
Keywords
COVID-19, innovation technology, pandemic time and its effects, formalization of the assessment process of the COVID-19 impact
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References
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18. O’Neill A. Number of unemployed persons worldwide from 1991 to 2021 and projections until 2022 (in millions). Statista. Sep 3 2021. URL: https://www.statista.com/statistics/266414/unemployed-persons-worldwide/ (last accessed: 01.02.2022).
19. Chart 1. Industrial Product Price Index. Statistics Canada. URL: https://www150.statcan.gc.ca/n1/daily-quotidien/210730/cg-b001-eng.htm (last accessed: 01.02.2022).
20. Chang, A. Industry Top Trends 2022 Technology. S&P Global Ratings. January 25, 2022. 19 p. URL: https://www. spglobal.com/_assets/documents/ratings/research/101068996.pdf (last accessed: 01.02.2022).
21. Tarasenko Andrii. Eksport, yakyi my vtrachaiemo. European Business Association. 14.05.2020 [Тарасенко Андрій. Експорт, який ми втрачаємо. European Business Association. 14.05.2020]. URL: https://eba.com.ua/eksportyakyj-my-vtrachayemo/ (last accessed: 01.02.2022).
22. Azarova A.O., Zhitkevich E.V. Assessment of level of competitiveness of the enterprise by means of the mathematical apertures of artificial intelligence. Science and Education: materials of the VI international research and practice conference (Munich, June 27th – 28th, 2014). Munich: Publishing office Vela Verlag Waldkraiburg, 2014. P. 169-171.
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Published
2022-05-10
Section
articles
