Comparative analysis of international crisis management in Covid-19 pandemic

Abstract

The article identifies economic shocks that accompanied previous pandemics and the features of the 2020 recession. An analytical review of typical measures for overcoming the COVID-19 pandemic and mitigating its economic consequences allowed the authors to identify problems common to all countries and specific challenges for groups of countries. The research made it possible to conclude that in 2020 the vector of support in Russia coincides with the directions of support in most countries, while in the past crises Russia has gone its own way. The authors justify, that applying a network approach to government anti-crisis programs may largely increase their success.

Keywords

• recessions
• crises
• pandemic
• covid-19