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The COVID-19 Pandemic has changed global economies’ outlook since early June 2020

Economics

The COVID-19 Pandemic has changed global economies’ outlook since early June 2020. Economies in every region experienced growth downgrades. For example, East Asia and the Pacific grew by just 0.5%; South Asia contracted by 2.7%; Sub-Saharan Africa contracted by 2.8%, Middle East and North Africa by 4.2%, Europe and Central Asia by 4.7%, and Latin America by 7.2%.

The Caribbean has not escaped the wrath of the Pandemic with individual countries experiencing drastic declines in GDP, employment and standards of living. Focusing on the Caribbean only, write a research paper of not more than 2500 words on how the Pandemic negatively and positively affected governments and or government own organizations of the Caribbean. You may use any government organization of any country/countries in the Caribbean as example(s) to illustrate and explain your answers clearly. Your paper should focus on the following areas:

1 Budgeting as a managerial tool for government organizations to account for changing revenues and costs.

5%

2 The economic environment with respect to sources of revenue, capital receipts and management strategies.

5%

3 The main public expenditures e.g. salaries/emoluments, Capital Votes and the rules that guide these disbursements.

5%

4 The “Value for Money” assessment of government spending

5%

 

20%

 

NB. This is not a group project, you are however allowed to discuss amongst your peer's references and also obtain guidance where necessary. Please DO NOT write the same paper as your peers; meaning, no similar words, sentences, paragraphs, diagrams etc., if these exist, it will be considered plagiarism and you will not receive a grade.

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