Entrepreneurship in the Covid Era

Abstract

The author attempts to summarize the origin of the current pandemic highlighting the evoking reason in the light of the international conference of the Medical and Ethical Emergency Deliberation held in Amsterdam. The COVID-19 is not a pandemic but a planned world-scale operation. The Corona measures result in destructive economical, physical and psychological effects on society, which are strongly disproportional to the goal of controlling the proclaimed pandemic. Sustainable Development is impossible. The current financial system based on interest is set to a forced growth. However, our Earth, how is a finite system where no subsystem can work infinitely. The mankind instead of living in harmony with the wonderful order of the nature, the 20th and 21st centuries show significant impact on the Earth's geology and ecosystems, including, but not limited to, anthropogenic climate change. The man with his civilization activity disturbs and overturns the equilibrium of the created word, the ecosystem. The COVID/19 pandemic is a human tragedy effecting the life of billion people. It has negative impact of the global economy, agriculture, industries and micro, small and medium/sized enterprises (MSMEs). Consequently, the economic activity is slowing down without specific ending date. According to the International Council for Small Business (ICSB), former and informal micro, small and medium sized enterprises (MSMEs) represent more than 90% of all firms, account, on average 70% of global employment and 50% of GDP. Unfortunately, small businesses are being hit hardest by the pandemic. Solutions are needed to give them the support they need to survive and continue to contribute to the global economy. In order to raise public awareness, the United Nations General Assembly declared June 27 MSME Day. The author presents the findings and suggestions of the International Labour Organization SCORE - Sustaining Competitive and Responsible Enterprises – Global Covid-19 Enterprise Survey. MSME Day 2020 should focus on the needs of SMEs in order to support them to survive and contribute to global economy.