THE ROLE OF BUSINESS EDUCATION IN REPOSITIONING THE AILING GLOBAL ECONOMY CAUSED BY COVID-19 PANDEMIC

Abstract

The sudden outbreak of covid-19 pandemic was indeed a phenomenal disaster that crippled the productive sectors and economic activities of nations. The incremental and consequential economic effects placed the global economy on a depressed position, as the world is presently witnessing the greatest economic recession and depression as never experienced in the economic history of the world. The overall aftermath was high business mortality rate, increasing rate of unemployment, reduction in, and irregular payment of workers salaries, high retrenchment of workers, increase in poverty lines leading to organized crimes, and sundry. However, the main thrust of this academic discourse was to examine the role of Business Education (BE) in repositioning the ailing global economy caused by covid-19, via review of related research literature. BE as an academic programme is strategically positioned to inculcate the economic orientation, survival and functional skills necessary in raising the relevant manpower that will in turn serve as key drivers in the repositioning of global economy. In lieu of the above, this study explicates on conceptual clarifications, BE as economic survival strategy, and in global economic repositioning in covid-19 era, issues in BE were also illuminated upon and a few recommendations made.