COVID-19: Problems, Challenges and Business Opportunities
1-Faculty of Business, Beirut Arab University, Lebanon
Corresponding Author: Hani EL-Chaarani
The arrival of COVID-19 has a negative impact on social conditions and economic indicators of many developed and developing countries. SMEs and managers are suffering from the lockdown, health conditions and the difficulty of transportation. They are implementing new strategies and applying cost control of their expenses to survive. The local governments in collaboration with the IMF, the UN and international NGOs should collaborate and cooperate to recover the socio-economic conditions. This research paper sheds light on socio-economic impacts of COVID-19 and provides many proposals to recover the socio-economic conditions in developing and developed countries.
Keywords: Socio-economic, NGOs, COVID-19, economic crisis, SMEs.