Question

Given what you know about the current global pandemic, (and if you don't know much do some news searches and reading), write a brief assessment (no more than a page) of the state of global governance in relation to Covid-19.

Answer 1

The world in today's scenario is going is through a difficult phase. The outbreak of coronavirus (COVID-19) is causing global concern and economic hardship for businesses, consumers, and communities. Due to Covid-19 pandemic small industries as well as businesses have been impacted which has slowed down the economy. Due to the current pandemic they are experiencing serious cash flow concerns and also fearing will not reopen again, despite the efforts and support from their government through the emergency business loans and grants. Governments across the world wide are pumping investments into the economy for stimulating a floundering economy. The excess debt levels can only give a temporary solution to their concerns, however the SMEs the survivability in the long term and the economy's recovery rate would depend on whether there is a second wave of infections from the virus, if and when there will be an availability of the vaccine, and the extent to which entrepreneurial and production activity will grow. To deal with this situation the businesses can take an extension of time limit provided by regulators in regard to financial results, GST return, submission of corporate governance report, etc