👤

3. Describe how the pandemic has affected the socio-economic growth and development of the Philippine economy. What tool or principle may be applied to solve the issue? Explain.

Sagot :

Answer:

The COVID-19 crisis has exposed the vulnerabilities of individuals, societies and economies, calling for a rethink of how economic and social activities are organised. The crisis calls for strong responses based on solidarity, co-operation and responsibility. Social economy organisations (associations, co-operatives, mutual organisations, foundations and social enterprises), whose business models are built around such principles can help reshaping the post-crisis economies and societies. This note presents the role the social economy and its actors have played in the COVID-19 crisis. It further explains the current challenges faced by the social economy and highlights selected policy instruments and recommendations to support social economy actors in their efforts to “repair” and “transform” societies.

In Studier: Other Questions