The Global Economy During COVID-19: A Study on Increasing Disparity

COVID-19 has become an ongoing issue in the present business world. The topic raises confusion and debate over many resolved issues. Not only the developing but also developed countries faced the heat-shock of this micro-infectious agent. But the power to regain and cope with the uncertainty has not been the same everywhere. To some extent, the developed nations have been able to tackle the bad days with their enriched resources, manpower and efficient system whereas this has become a total collapse for the developing and underdeveloped nations. Inefficiency and lack of social security have made life unbearable for the general people in these areas. What is the condition of the vaccination program? Whereas it is costly for the developed nations, it has simply become a dream for the developing nations. No one knows when the world will get a hundred per cent population with vaccination. In this paper we will cover these issues also we will take a look at the ravages of the pandemic in both worlds, as well as identifying the amalgamation of reasons behind the terrible second-wave in India and other developing nations.