Damaged by the Disaster : The Impact of COVID-19 on Firms in South Asia
To assess the impact of COVID-19 on firms, the World Bank and the International Finance Corporation conducted Business Pulse Surveys in several countries, including six in the South Asia region. Analysis focusing on the South Asia region suggests t...
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/559681617116428612/Damaged-by-the-Disaster-The-Impact-of-COVID-19-on-Firms-in-South-Asia http://hdl.handle.net/10986/35357 |
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okr-10986-353572022-09-20T00:09:39Z Damaged by the Disaster : The Impact of COVID-19 on Firms in South Asia Brucal, Arlan Grover, Arti Reyes Ortega, Santiago ENTERPRISE SURVEY COVID-19 CORONAVIRUS PANDEMIC IMPACT FEMALE ENTREPRENEURS DIGITAL ECONOMY RESILIENT RECOVERY BUSINESS SUPPORT PROGRAM PUBLIC SUPPORT To assess the impact of COVID-19 on firms, the World Bank and the International Finance Corporation conducted Business Pulse Surveys in several countries, including six in the South Asia region. Analysis focusing on the South Asia region suggests that, first, firms in the South Asia region have suffered disproportionately more from the economic brunt of the pandemic. Second, even within the region, COVID-19 did not affect all firms equally. Although exporters remain resilient by some metrics, firms that are smaller, female-led firms and those in vulnerable sectors suffered higher rates of closure. Third, while digital technologies have taken the center stage post-pandemic, the South Asia region lags in the adoption of these technologies. Finally, policy support for firms is key to building back better and resilient recovery, yet only a small share of firms can access public support. To be effective, firm support programs ought to be carefully customized and target firms based on the dominant channel through which COVID-19 affects them rather than their external attributes. 2021-04-02T14:19:19Z 2021-04-02T14:19:19Z 2021-03 Working Paper http://documents.worldbank.org/curated/en/559681617116428612/Damaged-by-the-Disaster-The-Impact-of-COVID-19-on-Firms-in-South-Asia http://hdl.handle.net/10986/35357 English Policy Research Working Paper;No. 9604 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper South Asia South Asia South Africa |
| repository_type |
Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ENTERPRISE SURVEY COVID-19 CORONAVIRUS PANDEMIC IMPACT FEMALE ENTREPRENEURS DIGITAL ECONOMY RESILIENT RECOVERY BUSINESS SUPPORT PROGRAM PUBLIC SUPPORT |
| spellingShingle |
ENTERPRISE SURVEY COVID-19 CORONAVIRUS PANDEMIC IMPACT FEMALE ENTREPRENEURS DIGITAL ECONOMY RESILIENT RECOVERY BUSINESS SUPPORT PROGRAM PUBLIC SUPPORT Brucal, Arlan Grover, Arti Reyes Ortega, Santiago Damaged by the Disaster : The Impact of COVID-19 on Firms in South Asia |
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South Asia South Asia South Africa |
| relation |
Policy Research Working Paper;No. 9604 |
| description |
To assess the impact of COVID-19 on
firms, the World Bank and the International Finance
Corporation conducted Business Pulse Surveys in several
countries, including six in the South Asia region. Analysis
focusing on the South Asia region suggests that, first,
firms in the South Asia region have suffered
disproportionately more from the economic brunt of the
pandemic. Second, even within the region, COVID-19 did not
affect all firms equally. Although exporters remain
resilient by some metrics, firms that are smaller,
female-led firms and those in vulnerable sectors suffered
higher rates of closure. Third, while digital technologies
have taken the center stage post-pandemic, the South Asia
region lags in the adoption of these technologies. Finally,
policy support for firms is key to building back better and
resilient recovery, yet only a small share of firms can
access public support. To be effective, firm support
programs ought to be carefully customized and target firms
based on the dominant channel through which COVID-19 affects
them rather than their external attributes. |
| format |
Working Paper |
| author |
Brucal, Arlan Grover, Arti Reyes Ortega, Santiago |
| author_facet |
Brucal, Arlan Grover, Arti Reyes Ortega, Santiago |
| author_sort |
Brucal, Arlan |
| title |
Damaged by the Disaster : The Impact of COVID-19 on Firms in South Asia |
| title_short |
Damaged by the Disaster : The Impact of COVID-19 on Firms in South Asia |
| title_full |
Damaged by the Disaster : The Impact of COVID-19 on Firms in South Asia |
| title_fullStr |
Damaged by the Disaster : The Impact of COVID-19 on Firms in South Asia |
| title_full_unstemmed |
Damaged by the Disaster : The Impact of COVID-19 on Firms in South Asia |
| title_sort |
damaged by the disaster : the impact of covid-19 on firms in south asia |
| publisher |
World Bank, Washington, DC |
| publishDate |
2021 |
| url |
http://documents.worldbank.org/curated/en/559681617116428612/Damaged-by-the-Disaster-The-Impact-of-COVID-19-on-Firms-in-South-Asia http://hdl.handle.net/10986/35357 |
| _version_ |
1764482865262755840 |