On the atypical economic crisis under the COVID-19 pandemic (COVID-19-ის პანდემიის პირობებში ატიპური ეკონომიკური კრიზისის შესახებ)

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Ivane Javakhishvili Tbilisi State University Press
This article examines the nature of the economic crisis that has formed due to the COVID-19 pandemic. It is justified that this crisis, called the coronomic crisis, is in fact atypical. The coronomic crisis is fundamentally different from other atypical economic crises. The coronomic crisis did not originate in the economy itself and its completion depends only on the success of medicine in the fight against the coronavirus. Anti-crisis economic measures in the context of this crisis are aimed at social assistance to needy members of society and support for those firms that have suspended or reduced their activities due to the pandemic. The coronomic crisis forced us to take a fresh look at the globalization process. The process of forced de-globalization caused by it is temporary, since overcoming the pandemic is possible only on the basis of a global approach. Atypical economic crises should be the subject of a special study for economics.
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pandemic COVID-19, atypical economic crisis, coronomic crisis, anti-crisis economic measures, globalization, de-globalization
Economics and Business, №4, 2020, pp. 9-16