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A Note on COVID-19 and the ‘Drop of Honey Effect’ – Risk Management in a Strong Uncertainty Environment

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  • Jose Antonio Filipe

Abstract

Purpose: Covid-19 is a pandemic disease that spread all over the world, provoking disruption in health, social, economic, financial systems. We propose the ‘drop of honey effect’ metaphor to show the implications the spread of the virus had in the national systems and in the international order. Design/methodology/approach: We use chaos theory framework and the ‘drop of honey effect’ metaphor to show how fast the disease spread and the consequences it has. Findings: A disease that appeared in a specific region, rapidly spread for the world with huge consequences at social, economic, financial dimensions. New uncertainty environments of crisis demand new tools and approaches.

Suggested Citation

  • Jose Antonio Filipe, 2022. "A Note on COVID-19 and the ‘Drop of Honey Effect’ – Risk Management in a Strong Uncertainty Environment," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 12(2), pages 35-37.
    • Handle: RePEc:ers:ijfirm:v:12:y:2022:i:2:p:35-37
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    References listed on IDEAS

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    1. José António Filipe, 2021. "Covid-19, economy and the 'drop of honey effect' metaphor - a note on the Portuguese case. Situation and measures," International Journal of Business and Systems Research, Inderscience Enterprises Ltd, vol. 15(1), pages 1-13.
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      More about this item

      Keywords

      Pandemics; drop pf honey effect; risk management.;
      All these keywords.

      JEL classification:

      • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management

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