1st Edition

Business Impacts of COVID-19 International Business, Crisis Management, and the Global Economy

Edited By Tomasz Bernat, Joanna Duda Copyright 2024
    272 Pages 18 B/W Illustrations
    by Routledge

    The coronavirus disease (COVID-19) pandemic has caused serious disruptions to the economy and business activities. The COVID-19 crisis has also exposed important weaknesses in business and supply chains. It pointed to specific sectors of the economy, primarily related to services, that suffered the most. On the other hand, it has highlighted the great flexibility of the activities of entrepreneurs in their attempts to fight the crisis.

    The role of government has also been important in tackling this pandemic crisis to contain the epidemic and adopt activities to help entrepreneurs who were most affected by the crisis. Numerous national aid and recovery packages have been announced to support businesses and workers. At the same time, financial decisions were made at the international level, resulting in the mobilization of huge funds that were intended to support the functioning of enterprises.

    This book shares observations and conclusions from contemporary research and analyses, as well as from personal experiences in creating and implementing anti-crisis solutions in economies and enterprises caused by the COVID-19 pandemic on the economy and its entities. It will be of interest to researchers, academics, policymakers, and students in the fields of international business, economics, crisis management, and entrepreneurship.

    1. Socio-economic consequences of events at beginning of the 21st century in view of Black Swan theory

    Anna Barwińska-Małajowicz, Bogusław Ślusarczyk, Patrycja Żegleń and Miroslava Knapková

    2. Impact of COVID-19 on consumer behavior

    Magdalena Maciaszczyk, Damian Kocot and Agnieszka Rzepka

    3. Effectiveness of fiscal stimuli during COVID-19: Comparative analysis of the USA, Germany, Greece, and Poland

    Maciej Woźniak and Simeon Karafolas

    4. Innovation and digital competencies as important factors of economic development in Industry 4.0 and during COVID-19

    Agnieszka Rzepka, Magdalena Czerwinska and Natia Shengelia

    5. Crisis management in selected countries of European Union during COVID-19 Pandemic

    Natalia Krawczyk

    6. European alternative market behavior during the COVID-19 pandemic

    Monika Mościbrodzka

    7. Impact of COVID-19 pandemic on international trade in 2020 with regard to COVID-19-related medical products – case of Poland

    Joanna Brzyska and Izabela Szamrej-Baran

    8. Public support for enterprise operation in Poland in conditions of crisis caused by SARS-COV-2 pandemic

    Katarzyna Sieradzka and Radosław Luft

    9. Effects of COVID-19 Pandemic on Productivity: Can Destruction Bring Creation?

    Agnieszka Szczepkowska-Flis and Anna Kozłowska

    10. Factors of large enterprise competitiveness at initial stage of economic crisis

    Anna Wolak-Tuzimek and Joanna Duda

    11. Impact of COVID-19 pandemic on competitive potential of large enterprises

    Anna Wolak-Tuzimek and Vanda Maráková

    12. Role of inter-organizational cooperation during times of crisis

    Joanna Duda, Rafał Kusa, Marcin Suder, Zofia Gródek-Szostak and Kristina Grumadaite

    13. Dynamic Capabilities of Small Enterprises during Global Crisis Caused by the COVID-19 Pandemic

    Renata Lisowska and Andriy Pekhnyk

    14. Impact of COVID-19 on risk management in projects

    Hanna Soroka-Potrzebna

    15. Hedging strategy as protection of insured capital during pandemic period

    Magdalena Homa

    16. COVID-19 pandemic crisis – impact on business and society: summary

    Joanna Duda and Aleksandra Gąsior


    Tomasz Bernat is a Professor of Economics and a Senior Researcher and Lecturer at the University of Szczecin, Poland.

    Joanna Duda is a Professor of Management and a Senior Researcher and Lecturer at AGH University of Science and Technology in Krakow, Poland.