Dilemmas in Managing the COVID-19 Crisis

Abstract

The aim of this article was to present the current research on coping with coronavirus disease 2019 (COVID-19) and, on this basis, to indicate the implications of risk management in the situation of adaptation to the crisis or re-adaptation after its end. This article considers the psychological significance of the socially experienced situation based on the latest research conducted in Poland during the first wave of the pandemic. It is an attempt to show both the risk and protective factors, as well as possible remedial effects against unfavorable social and health phenomena, which are related to the increase in costs incurred by individuals in the process of experiencing the crisis and adaptation to the conditions after its end. These are considered in the context of the costs of adaptations used by individuals and of re-adaptation in the period of coping with COVID-19. This study conducted a meta-analysis of 13 psychological and sociological studies conducted so far in the first period of the pandemic. The results of the research show that the most difficult issue in the risk situation of the next wave of a pandemic is the lack of definition of its timeframe but also disinformation and fatigue. The results of the conducted analysis may become useful material for risk management professionals. An additional value of the article is that it presents ways of applying the conclusions resulting from the research, not only during the second wave of the pandemic but also in the necessary processes of re-adaptation to life without COVID-19.

Output and Energy Prices Fluctuations in Response to Market Shocks: System Dynamic Modeling

“…The economy of every country has been hurt. Regardless of the fact, whether governments implemented the strong lockdown measures or not, economies of each country has been suffered considerably (Dorczak et al, 2021;Hryhoruk et al, 2021). The economic activity showed declining trend, macroeconomic instability has been observed (Skrypnyk and Nehrey, 2015; and, in result, the severe recession has occurred.…”

Risk Mitigation in Agriculture in Support of COVID-19 Crisis Management

“…At the same time, industrial markets reacted differently to the COVID-19 crisis (Inshakova et al 2021). So, despite the overall decline in GDP-or at least a significant slowdown in economic growth (varying among countries around the world)-some sectors (for example, transport, due to the suspension of international transport links and domestic social distancing regimes) demonstrated a decline, while others (for example, healthcare-medical services, equipment, and pharmaceuticals) showed an increase (Dorczak et al 2021;Yankovskaya et al 2022).…”