The COVID-19 global pandemic is continually creating chaos in the world with increasing

infected rates and deaths globally. A virus that arises from Wuhan, China in the late 2019 makes it its
new epicenters all around the world which affected most of every country’s economy. It has an impact
on all the aspect of our normal life. It changed our cultural life heavily and drastically. Churches,
mosques, memorials, community centers, museums, libraries, parks, and all cultural venues are shut
down. All the possibility of social gatherings are cancelled. The active involvement of social and cultural
life is damaged by the COVID-19.

When quarantine protocols are implemented around the globe, the world's greatest economies
like United States, China, United Kingdom, France, Italy, Japan and many more countries are at the edge
of economic disaster. Oil prices have fallen down and stock markets around the world are sinking. In the
Philippines, many people lost their jobs and the rate of unemployment gradually increasing. The
Managing Director of International Monitory Fund (IMF) named Kristalina Georgieva said that COVID 19
pandemic is “a recession at least as bad as during the Global Financial Crisis or worse”. Many other
economic experts and scholars have already warned about the alarming condition of the global
economic and financial structure. Today, we can say that the world is facing the worst economic
situation after World War II because countries have work together to save human creature and the
economic structure as well.

Most of the businesses have been severely affected and they are facing several issues such as
financial, supply chain disruption, decrease in demand, and reduction in sales and profit. Business
owners could not satisfy arrangements because of work deficiencies, under-staffed because of
lockdown, and isolation protocols that definitely changed the demand designs. The COVID-19 pandemic
has impacted the supply chains globally because of intense limitation and lockdowns made numerous
critical circumstances that necessary prompt consideration in the underlying days of the pandemic
spread. This pandemic has highlighted the value of being able to react and adapt crisis management
instruments of supply chain in circumstances of vulnerability.

The political impact of this pandemic is also as much important as the economic impact on it.
Leaders from many countries started arguments and blamed the Chinese government for mishandling
the virus that is why it infected most of the world. A China-America heated argument started in the early
March in 2019 when the former America’s President called the Chinese people as virus. In this conflict,
the U.S-China trade war will definitely be a part of this. In spite of this entire dilemma, the World Health
Organization is trying to unite world countries in this difficult time. They encourage every country to
respond in battling this virus with solidarity. As virus will not stop on the borders, only global solidarity
can prevent it.

The Art of War is of vital importance in analyzing the life we have right now. It is a matter of life
and death or a road either to safety or to ruin. It can be mentioned that the covid-19 crisis has struggled
many political movements and apart from that it has been the result of trade was and these politics
triggered the enmity as well as friendships between countries which led to new trade deals and barriers
and that is the reason why the corona virus crisis has resulted in new friendships and this is the result of
political agendas and this has resulted in the trade diversions and trade barriers which is related to
economics which is why you can mention that there is no economics without politics and no politics
without economics

https://www.who.int/news/item/13-10-2020-impact-of-covid-19-on-people's-livelihoods-their-health-
and-our-foodsystems#:~:text=The%20economic%20and%20social%20disruption,the%20end%20of
%20the%20year. Impact of COVID-19 on people's livelihoods, their health and our food systems

https://www.imf.org/external/pubs/ft/fandd/2020/06/turning-crisis-into-opportunity-kristalina-
georgieva.htm Beyond the Crisis