Socioeconomic Wellbeing Amid The COVID-19 Crisis : Indonesia and Malaysia

Authors

  • Nurul Hilmiyah Faculty of Economic and Bussiness Pancasila University
  • Mira Munira Faculty of Economic and Bussiness Pancasila University
  • Dewi Tri Rahayu Faculty of Economic and Bussiness National University of Malaysia
  • Mohammad Hakimi Shafiai Faculty of Economic and Bussiness National University of Malaysia
  • Zulfa Emeliya Zein Faculty of Economic and Bussiness Pancasila University

Abstract

Massive and ongoing outbreaks of the corona virus have become a serious threat with a negative impact on the living standards and socio-economic well-being of the community. The objective of this study is to investigate the severe level of pandemic impact on both countries, Indonesia and Malaysia, and analyze the effectiveness of policy response, particularly on the economic stimulus to bring back socioeconomic well-being on the right track. This article employs content analysis as well as a comparative approach between two countries, Indonesia and Malaysia. Both mitigation plans from Indonesia and Malaysia have advantages and disadvantages to their economy and socioeconomic conditions. It is expected that this study contributes both theoretically and practically to the field of socioeconomic well-being in both countries.

Keywords: Covid-19, Socioeconomic Wellbeing, Mitigation Policy, Malaysia, Indonesia

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Published

2022-12-19

Issue

Vol. 16 No. 1 (2022)

Section

Articles