International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

COVID-19 – an Imposed Experiment on the Global Economy
Dr. Sanela Porca, Ms. Harshi Lodha Jain

This study explores the challenges businesses, entrepreneurs, and workers due to the COVID-19 pandemic and the resulting changes in labor force participation. The challenges of the business changes, entrepreneurship, and workers’ willingness and ability to adapt to the new environment are ongoing worldwide. Time and time again, humans have displayed grace under pressure and poise under fear. The question remains of what needs to be done before new business and work opportunities are created. We can start by rethinking the current role of the government sector, businesses, entrepreneurs, laborers, educators, and households, along with numerous others. The beauty of entrepreneurship and global business is the ability to host and nurture the entrepreneurial spirit, which in return fuels the economy. The next wave of innovation, after COVID-19, will create world-changing companies, industries, and lifestyles. After this sheet of darkness has been lifted, a new light will shine on the global economy in general.

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