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Volume 8, Issue 1

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Volume 8, Issue 1

THE GLOBAL HEALTH CRISIS AND SMES OF G8 COUNTRIES: A REVIEW AND RESEARCH AGENDA

Author(s)

Samridhi Goyal

Affiliations

Desh Bhagat College, Bardwal-Dhuri (Punjab, India)

Abstract

The study's purpose is to compile evidence from literature and publications on the impact of the global health crisis that erupted in 2019 on the operations of SMEs in G8 countries. In addition, prior studies were analysed to compile the numerous relief plans and legislative actions implemented by the government, as well as recommendations for the recovery of these economies' industries. Secondary data has been gathered for this purpose, and many reports have been analysed to develop literature and a knowledge bank. It has been discovered that there are discrepancies in the strength of the Impact, which is not consistent across economies. To overcome the negative impacts of this catastrophe researchers, advocate resilience and sustainable business models, as well as changes in labour and trade practices, to re-energize economies. During and after the health crisis, there is a flood of study in the domains of medicine, politics, and economics. This article is a ground-breaking piece of work that contributed significantly to the compilation of analytic reporting on the effects of the global health crisis on G8 countries. This enabled us to make recommendations for future studies in unexplored area and constructs connected to economic crises and indicators.

Keywords

G8 countries, SMEs, Global health crisis, COVID-19, Comparative analysis.

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