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Showing posts from April, 2020

Coronavirus and its possible impact on the world economy on the examples of international oil production and oil prices

By: Nika Chitadze Director of the Center for International Studies Professor of the International Black Sea University President of the George C. Marshall Alumni Union, Georgia – International and Security Research Center In terms of social-economic aspects related to COVID 19, International Community is faced before the following sad reality. According to the International Monetary Fund, if humanity manages to defeat Coronavirus by the end of 2020, then the world economy will shrink by about 3%, which is a relatively optimistic scenario. By the other words, the world will suffer much worse if the international community fails to defeat Coronavirus by the end of this year.  It is noteworthy that during the economic crisis of 2008-2009, the world economy shrank by only 0.08%. As for the 3% decrease of the world economy during the year, it can be assumed that if according to today's data, the world's Gross Domestic Product (o

Against the backdrop of the coronavirus epidemic, ecology has improved significantly in most countries of the world

By: Nika Chitadze Professor of the International Black Sea University Director of the Center for International Studies President of the George C. Marshall Alumni Union, Georgia –  International and Security Research Center. Tbilisi, Georgia Coronavirus and number of victims In the contemporary period, the Coronavirus has been spread in more than 1 90 countries . According to Worldometer, as of the April 14, 2020 the number of confirmed cases of coronavirus exceeds 1, 934,128 people with 120, 437 deaths   and 456, 599 recovered. At the first stage of the spread of the virus, various methods by the different countries were chosen to combat the disease, but the policy pursued by the separate states, including economically developed countries, to combat the virus was inadequate. The rapid distribution of virus throughout the world, especially in Europe and USA , causes the significant threat before the population of our planet. At the sa