COVID-19 is a scourge around the world, not only leading to a host of illnesses but also destabilizing economic growth. The global pandemic has impacted billions of lives and is one factor causing tremendous economic disparity between developed countries and developing nations.
- The global pandemic can have detrimental effects on developing nations, in particular, and create a greater divide between rich and developing nations.
- The process of entrepreneurship is a tool that can be used in solving challenges presented by the pandemic because it creates new jobs and markets.
As the world’s population grows, so does the number of people living in poverty. Furthermore, the outbreak of COVID-19 causes social unrest, economic deprivation, widespread fear, and panic. The COVID-19 disease is a scourge around the world, not only leading to a host of ills but also destabilizing economic growth. The global pandemic has impacted billions of lives and is a factor in the tremendous economic disparity between developed and developing nations. Although entrepreneurship has been well-studied as a way to promote economic development and alleviate poverty, there is not much discussion as to the ways in which entrepreneurship can help solve the challenges of this pandemic. That is why researchers are trying to understand how to use technology to alleviate the financial impact of pandemics on economies around the globe. What if entrepreneurship could be a tool for not only alleviating poverty but also solving this global pandemic?