Exploring the impact of pandemic on global economy: perspective from literature review

Van Ky Long Nguyen*, Thi My Hanh Le, Thi Minh Chau Tran, Thi Thu Hien Le, Thi Ngoc Mai Duong, Thi Hien Le, Tien Son Nguyen, Nhu Hoa Vo

*Corresponding author for this work

Research output: Contribution to journalReview articlepeer-review

7 Citations (Scopus)

Abstract

The pandemic has caused several health issues and deaths and numerous severe devastations to the global economy. Due to the extreme impacts of the epidemics, it is crucial to investigate the pandemics and their pessimistically hidden influences to devise proper strategies. However, although this topic gains enormous recognition from scholars and researchers, there is still an inadequacy of a comprehensive literature review on the issues, and in-depth research on individual aspects of the world economy. Accordingly, the objective of this paper is to contribute a literature review that synthesises and evaluates prior research, to examine the current state of the pandemic impacts on the global economy, as well as become the requisite foundation for the practitioners to perceive how to respond to a pandemic in the future. A literature review is conducted, with 254 most relevant articles are analysed and classified based on the proposed framework. Thus, the findings of this study contribute diverse theoretical and practical insights concerning pandemics and the global economy. The results of this paper indicate the current status of the literature review and discover future research directions. Additionally, this paper proposes an integrated framework of the most influenced industries, followed by some emerging solutions to the most suffering sectors. Future research directions are further suggested based on the identified research gaps and the analysis results.

Original languageEnglish
Pages (from-to)2033-2087
Number of pages55
JournalPertanika Journal of Social Sciences and Humanities
Volume29
Issue number3
DOIs
Publication statusPublished - Sept 2021
Externally publishedYes

Keywords

  • COVID-19
  • Economics
  • Global economy
  • Literature review
  • Pandemic

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