On the threat of zombification of the retroeconomy

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Ivane Javakhishvili Tbilisi State University Press
The article discusses the mechanism of zombification of the economy in the context of the COVID-19 pandemic. In at least some part of any economy in any country, relatively outdated technologies are being used. This part of the economy, i.e. retroeconomy, due to zombification, can most easily transformed into a necroeconomy, based on absolutely outdated technologies. In order to avoid the danger of zombifying a retroeconomy, it is necessary to change the basic principle in bankruptcy law, as a result of which the liquidation of insolvent firms through bankruptcy becomes a priority.
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Conference Proceedings: "The World Economy in the Post-Pandemic Period: Implications and Challenges", Tbilisi, 2023, pp. 197-202