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Unsustainability Of Economic And Business Models In The Context Of Covid-19

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  • Gabriela PICIU

    (Financial and Monetary Research Center „Victor Slavescu”, Bucharest, Romania)

Abstract

The impact of the Coronavirus pandemic on companies has highlighted the need to transform traditional supply chain models, their vulnerabilities, especially those that are highly dependent on raw materials or finished products in areas severely affected by the pandemic. The purpose of the article is to assess the negative impact of the COVID-19 pandemic, as well as the policies adopted to combat it, with a focus on the global supply chain and international trade. In this context, the pressure to which the elements of global supply chains and demand have been subjected has triggered a cross-border economic disaster due to their interconnection. Thus, this article proposes the adoption of the circular economy as a sustainable and innovative economic model, which can be used to decouple economic growth from resource consumption, waste management and create added value.

Suggested Citation

  • Gabriela PICIU, 2022. "Unsustainability Of Economic And Business Models In The Context Of Covid-19," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 7(2), pages 27-32.
    • Handle: RePEc:brc:brccej:v:7:y:2022:i:2:p:27-32
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    References listed on IDEAS

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    1. Stijn Temmerman & Patrick Meire & Tjeerd J. Bouma & Peter M. J. Herman & Tom Ysebaert & Huib J. De Vriend, 2013. "Ecosystem-based coastal defence in the face of global change," Nature, Nature, vol. 504(7478), pages 79-83, December.
    2. Scott R. Baker & Nicholas Bloom & Steven J. Davis & Stephen J. Terry, 2020. "COVID-Induced Economic Uncertainty," NBER Working Papers 26983, National Bureau of Economic Research, Inc.
    3. Bauwens, Thomas & Hekkert, Marko & Kirchherr, Julian, 2020. "Circular futures: What Will They Look Like?," Ecological Economics, Elsevier, vol. 175(C).
    4. Thunström, Linda & Newbold, Stephen C. & Finnoff, David & Ashworth, Madison & Shogren, Jason F., 2020. "The Benefits and Costs of Using Social Distancing to Flatten the Curve for COVID-19," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 11(2), pages 179-195, July.
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    More about this item

    Keywords

    pandemic impact; resilience; global supply chain; transition; circular economy;
    All these keywords.

    JEL classification:

    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling

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