Open AccessAssessment of the impact of economic agent vulnerability on economic - financial performance indicators
Author(s) -
Otilia Manta,
XiaoGuang Yue,
Iuliana Militaru,
Shigeyuki Hamori,
Deimantė Teresienė
Publication year - 2022
Publication title -
informasiya cəmiyyəti problemləri
Language(s) - English
Resource type - Journals
eISSN - 2309-7566
pISSN - 2077-964X
DOI - 10.25045/jpis.v13.i1.11
Subject(s) - vulnerability (computing) , financial crisis , inequality , economics , real economy , pandemic , covid-19 , affect (linguistics) , economic impact analysis , development economics , economic system , macroeconomics , monetary economics , sociology , medicine , mathematical analysis , computer security , mathematics , disease , communication , pathology , computer science , infectious disease (medical specialty) , microeconomics
Crises, whether related to health, finance or the economy, directly affect the lives of each individual and their families. As the inequality gap between rich and poor grew after 2010, many economists predicted a new crisis. But the hypothesis that an economic crisis would stem from a coronavirus outbreak was limited to younger, visionary economists. The current situation is directly related to the impact that this crisis is having on the global economy and, more precisely, the impact of the vulnerability of the economic agent at the local level in terms of economic-financial performance indicators. In this paper, using mathematical modeling we present scientific solutions in regard to the current economic crisis caused by the COVID-19 pandemic. We further consider that at the moment of the crisis, the collaborative economy takes the place of the globalized economy.