More often than not, policymakers seem to have a proper perspective about the world, where formulating the appropriate plans concerning policies aims to put the economy on the path to address identified socioeconomic shocks (Organisation for Economic Cooperation and Development [OECD], 2020). Presently, governments across countries are striving to curtail the impact of socioeconomic shocks occasioned by the global pandemic, called the coronavirus, otherwise known as the COVID-19 pandemic (Djalantea, Shaw, & DeWit, 2020). The emergence of the COVID-19 pandemic has created a series of adverse effects on man across different parts of the world (see Figure 7.1). This has resulted in major economic shock and imbalances both in developed and developing countries, which has also had obvious negative impacts on these nations’ economic growth and development (Barua, 2020). Among the broa
