Impact of the coronavirus (COVID 19) on the economy of the Developing countries

Adéla Malinová

Master's thesis

Abstract:

This diploma thesis deals with the aftereffects of COVID-19 on the economy and social life in developing countries. The coronavirus disease (COVID-19) has critically impacted global health systems and economies, especially in developing countries. The economic implications related to COVID-19 in those economies include a high cost of care, market failures in pluralistic health systems, high pocket expenses, the added burden of non-communicable diseases, missed economic opportunities, and socioeconomic consequences like unemployment and poverty. There are three main aims. The first is to describe and evaluate the impacts of COVID-19 according to the sectors in selected developing countries (Ethiopia, Zambia, Bosnia and Herzegovina, Moldova, Georgia and Cambodia). The second aim is to compare these specific impacts and the third aim is to consider, how negatively the coronavirus disease in developing economies affected developed countries. It is predominantly based on research papers reviews and national and international databases and statistics such as the World Bank databank. The descriptive method and analysis were used to answer the aims using charts, tables and simple calculations. In addition, there was a SWOT analysis created for each of the selected countries to bring the topic up to date.

Keywords

Bosnia and Herzegovina, Moldova, Georgia, Cambodia, COVID-19, pandemic, coronavirus, developing country, GDP, value-added, services, tourism, sector, Ethiopia, Zambia

Language used: English

Date on which the thesis was submitted / produced: 27. 1. 2023

Thesis defence

• Supervisor: doc. Ing. Vladimír Krepl, CSc.
• Reader: Mohammad Rehabi

Czech University of Life Sciences Prague

Faculty of Economics and Management

Master programme:
World Economy