COVID-19 Pandemic: Impacts on Small Businesses, Tourism, and International Students Globally: A Review

Abstract

COVID 19 pandemic has substantially affected the globalized world. It has emerged as the black swan subsequent to the economic crisis of World War II, which has had a rippled effect on the healthcare sector as well as business infrastructure globally. To analyze the impact it has had on the overall globalized world, this research was performed. Using the descriptive research design, this research assessed the impact of COVID 19 on small businesses, tourism, as well as international students. The survey was performed where the individuals from different demographic backgrounds were analyzed. This included the individuals belonging to the small businesses, the tourism sector, as well as the educational sector with operations that are held internationally. The survey showed that individual across the three-sector has substantially been affected. This was due to the restricted mobilization, which affected the trade as well as traveling. The international students further experienced emotional distress and found their life to be affected. However, the research also revealed that the businesses that worked online proliferated as a result of COVID 19.

Keywords: COVID-19 Pandemic, Small Businesses, Tourism, International Student.

DOI: 10.7176/EJBM/13-6-09

Publication date:March 31^st 2021