Open Journal of Social Sciences, 2020, 8, 95-107
https://www.scirp.org/journal/jss
ISSN Online: 2327-5960
ISSN Print: 2327-5952
DOI: 10.4236/jss.2020.812009 Dec. 11, 2020 95 Open Journal of Social Sciences
The Effects of Temporal Shut Down: A Proposed
Mitigation on COVID-19 Perspectives
Bright Nana Kwame Ahia
1,2*
, Elijah Asante Boakye
1,2
, Jacob Azaare
1,2
, Samuel Gyamerah
1,2
1
School of Management and Economics, University of Electronic Science and Technology of China, Chengdu, China
2
Center of West African Studies, University of Electronic Science and Technology of China, Chengdu, China
Abstract
Notwithstanding various media reports on casualties in systems due to the
emergence of COVID-19, it is envisaged to have a solution. By far, this study
investigates how countries’ bilateral trade relationship is distorted due to
COVID-19. More so, it examines the economic and financial divergence in
systems from the capital perspectives. Finally, it considers the changes in
various industries that are affected directly as a result of the COVID-19 out-
break and its distortion in the business model. Employing a case study ap-
proach, we conclude that there is a distortion in the supply chain system
which has effects on trade relationships. While significant capital deploying
strategies were found as mitigation during the pandemics, there is an indeci-
sive business model for the future with inordinate changes in business models
during the periods of COVID-19. There is also a risk exposure in both eco-
nomic decisions and business models due to the uncertain signals of
COVID-19. We discuss our findings within the theoretical framework of cap-
ital allocation, information/signaling, and adoption perspectives.
Keywords
Bilateral Trade Relations, Business Model, COVID-19, Virus, Capital
Allocation
1. Introduction
Global prosperity depends on trade which dwells basically on supply chains.
However, the supply chain has no further discussions without transportation.
Such as transportation by foot, through to connectivity by air; thus, the transport
industry is susceptible to economic growth, and its policies can either support or
undermine growth. Dating back to 2002, the economic and financial system of
How to cite this paper: Ahia, B. N. K.,
Boakye, E. A., Azaare, J., & Gyamerah, S.
(2020). The Effects of Temporal Shut Down:
A Proposed Mitigation on COVID-19 Pers-
pectives. Open Journal of Social Sciences, 8,
95-107.
https://doi.org/10.4236/jss.2020.812009
Received: October 18, 2020
Accepted: December 8, 2020
Published: December 11, 2020
Copyright © 2020 by author(s) and
Scientific Research Publishing Inc.
This work is licensed under the Creative
Commons Attribution International
License (CC BY 4.0).
http://creativecommons.org/licenses/by/4.0/
Open Access