The Impact of Covid-19 on the Economy Sector in Asia Pacific

DOI

10.2991/assehr.k.211102.016How to use a DOI?

Keywords

Coronavirus; International Political Economy; Asia Pacific; APEC

Abstract

This paper discusses the impact caused by the plague that spread from Wuhan, China to the entire world including the Asia Pacific Region and damages the global economic sector. There are 2 economic sectors that suffered heavy losses, first is trade and second tourism. Interdependence between countries to cooperate in carrying out export import activities is hampered due to the rapid spread of this pandemic, so that other effects of this pandemic are limiting people to travel and in addition to impacting This trade sector also has an impact on a country’s tourism sector. This study aims to explain that Pandemic that threaten human health have an interconnection to threaten the world economy as well. This analysis will give an evidence that the pandemic corona can damage all global economic activity causing an economic crisis for the world, especially for tourism and trade sectors that will affect the main sources of the country’s economic growth. But, in regional Problems, the solution must also prioritize policies from regional organization. Therefore, APEC’s role is very important in facing the pandemic and improving back the economy of Asia Pacific Region. This paper draws on literature studies through book discussion, journal, and economic reports during Pandemic Covid-19.

Copyright

© 2021 The Authors. Published by Atlantis Press SARL.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Risky Novialdi
AU  - Sri Murniyanti
AU  - Zahraini
AU  - Surya Darni
AU  - Muhammad Achdan Tharis
PY  - 2021
DA  - 2021/11/16
TI  - The Impact of Covid-19 on the Economy Sector in Asia Pacific
BT  - Proceedings of the 1st International Conference on Research in Social Sciences and Humanities (ICoRSH 2020)
PB  - Atlantis Press
SP  - 120
EP  - 127
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.211102.016
DO  - 10.2991/assehr.k.211102.016
ID  - Novialdi2021
ER  -