Abstract:

The COVID-19 has taken into its garb the entire world for the last eight months. The pandemic will have far reaching repercussions on the politics of the global economy. More than 200 countries have fallen victim to it while more than eighty countries had to close down their borders for fear of the pandemic. Both the developed and developing countries had to devise strategies to get out of this quagmire by adhering to certain SOPs. This has resulted in the distortion of the social and economic sector of the world. Most of the routine activities of life remained suspended for about five months while the educational institutes are still closed down. Economic growth, global trade and economic development have been greatly affected, facing them with great economic challenges. The pandemic, despite its devastating effects, is also fraught with conspiracy theories on part of some countries.

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