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The Affect of Covid-19 on Emerging Market Economies
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The Affect of Covid-19 on Emerging Market Economies
This essay responds to the article written on 24th September 2020 by Deloitte Insights article concerning the subject of The Affect of the Covid-19 pandemic in the emerging markets as a whole. It is evident that most emerging markets and developing economies have so far weathered the Covid-19 pandemic well than projected, but all the same, they face daunting long-run economic challenges. The emerging market economies are going through many challenges, a lot of which are past their control (Ahmed et al., 2020). The economic costs and health of the crisis have been severe in many nations. Even for nations that have evaded the nastiest pandemics domestically, trades have debilitated as a result of the fall in global demand.
Most emerging markets are having difficulty in a way that they struggle to stimulate their economies. Central banks and governments have been inevitably wary when offering monetary and fiscal stimulus to avert fiscal disruptions (Ahmed et al., 2020). Despite relatively low fiscal stimulus, most emerging markets face much higher debt burdens due to the loss of revenue, which is adding to risks. As the crisis struck and the lockdown preventive measure was put in place, economic activities came to a stop. In particular nations, the fall in actual GDP was severe. India lost more than 25%, while the Colombia, Philippines, Morocco, Mexico, and Malaysia each lost more than 15% economically. On the other hand, Peru lost more than 30% of its productivity between Q4 2019 and Q2 2020. The economic impacts of the crisis on emerging markets economies far exceed that of the international financial crisis. Developing countries and emerging markets have approximately $3.9 trillion in debt service and around $11 trillion in external debt due in 2020. Debt impends to generate a universal growth emergency similarly that the crisis is causing a universal wellbeing emergency.
Reference
Ahmed, S., Hoek, J., Kamin, S. B., Smith, B., & Yoldas, E. (2020). The Impact of COVID-19 on Emerging Markets Economies’ Financial Conditions. FEDS Notes, (2020-10), 07-1.
Summary of What I Learned From Tutorial Session
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Summary of What I Learned From Tutorial Session
Upon attending the tutoring session, I engaged myself fully in the session by being attentive and asking the tutor some questions in order to participate fully and learn more. Among the questions I asked include what tools I could use during my studies to learn more and how I could apply critical thinking in answering course work questions. I also inquired about how to formulate a thesis and develop appropriate thesis statements when writing essays. The session provided me with valuable interpersonal, communication, and listening skills. The tutorial session made me discover a new understanding of concepts that helped me enrich my academic studies. In addition, I learned how to explain various concepts in a multitude of ways to accord with my learning style. It also taught me how to hone my communication skills since I may have to explain complex theories in more straightforward language. The session helped to gain experience when networking with other students and professors.
I am confident that the tutoring skills I learned from the tutoring session made me a qualified employer in the near future. Such skills include empathy, positivity, confidentiality, active listening, leadership, communication, and technical knowledge. The session was more effective in a way that it helped increase my attitude and motivation to reach full academic potential. Apart from that, it was more effective in a way that it taught me to think critically about problems and how to solve them. These skills will always help me to face and overcome challenges faced during my studies. During the session, I was given a chance to participate fully by asking questions or commenting. I think the session was more effective.
Open Forum Discussion (2)
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Open Forum Discussion
Upon reading two other articles that address the same topic but are different sources, some characteristics make the sources different. To begin with, the article from Consumer reports differs in a way that it has a formal appearance with illustrations, diagrams, tables, and graphs. It has a summary paragraph above the text and sections describing how workplace wellness programs could be putting the health data at risk. The other article from CNN health has no specific format. Consumer report article is more different because it has several glossy pictures designed to attract a broad segment of the population. Despite the articles from different sources having some noticeable differences, some features add to the sources’ credibility. The differences do not detract from the credibility of the sources. I consider both credible in a way that they are up to date. The first article has some endorsements and reviews that show that it is credible. Its information is high quality and trustworthy in a way that it is unbiased and backed up with evidence. The second one has the author’s credentials and affiliations hence making it credible. I can either use either of the school sources in writing an academic research paper since the tutor will expect me to back up my assertions with credible evidence. Using a credible source will always convince my readers that my claim is correct and plausible. In my personal life, the sources can help me to strengthen my argument in dialogues.
The first article I read is from Consumer reports and the second from CNN health report. The audiences of the first source are the workers and employees in different companies. The second article is intended to inform a general audience. The intended audiences affect language choice so that the sources use specialized vocabulary, their formal appearance, sections, and proper organization to target their audience (Tracy & Will, 2020). Both articles are credible since they are in-depth, with an abstract and documented data. The information in the first article is accurate. Both sources provide a thorough and well-reasoned discussion. The information need addressed by the consumer article includes research, work, and learning. The other article addresses professional and administrative information needs. Experimental, quasi-experimental, and action research will be appropriate for the first source, while content analysis, qualitative, case study, descriptive research will be appropriate for the second source.
Reference
Ajunwa, I. (2017). Workplace wellness programs could be putting your health data at risk. Harv. Bus. Rev, 19.Tracy, A., & Javernick Will, A. (2020). Credible Sources of Information Regarding Induced Seismicity. Sustainability, 12(6), 2308