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Changing Law and Contractual Relations under COVID-19 - Reallocation of Social Risks in Asian SME Sectors (Hardcover, 1st ed. 2023)
Loot Price: R3,156
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Changing Law and Contractual Relations under COVID-19 - Reallocation of Social Risks in Asian SME Sectors (Hardcover, 1st ed. 2023)
Series: Kobe University Monograph Series in Social Science Research
Expected to ship within 12 - 17 working days
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COVID-19 has changed not only human lives since the beginning of
the year 2020, but systems of human society as well. Legal measures
have been employed in every country to mandate the state's control
of human behavior in order to stop the pandemic. But the mode of
legal control has differed by country, showing different results in
terms of constraining the spread of infection. While the behavioral
restrictions continue, the socio-economic impacts of the pandemic
have been causing another catastrophe, particularly in the most
vulnerable sectors of each society. Small and medium-sized
enterprises (SMEs) are typical representatives of such vulnerable
groups, compelled to assume the economic burdens of the pandemic
that have been shifted from the larger economic actors that hold
the advantage in contractual negotiations. Statistical data on
infection status have revealed a great gap between countries, such
as European nations reaching the level of several thousand deaths
per one hundred thousand population, while most Asian countries
have maintained a level of one or two digits. Even though COVID-19
affects the whole world, the redistribution of risks in the
pandemic is a goal to be pursued in the socio-cultural context of
each society. This book explores the law and social changes in
Asian countries under the impact of COVID-19, with a particular
focus on the social relations surrounding the SMEs. These form the
center of contractual relations between various socio-economic
actors and at the same time, are a direct counterpart of the
governmental SME policies, peculiar to Asian interventionist
governments. A comparative approach is taken, using the results of
interview surveys based on structured questions conducted via
research collaboration between the contributors from Japan as well
as other Asian countries. A comparative analysis of the risk
redistribution in the pandemic between countries that share similar
preconditions is still possible and meaningful. The authors of this
book hold the view that Asian countries have sufficient bases for
international comparison, particularly on the risk reallocation in
the SME sector, given the relatively well-controlled level of
infection, presumably due to the similarity of cooperative social
culture. Another basis for comparison is the similarity of the laws
surrounding the business operation of SMEs since normal times,
which makes it feasible to compare the difference in the pandemic.
What risks should be reallocated between whom, and how?
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