Development prospects of post-pandemic global economy and business
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Date
2023
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Publisher
Ivane Javakhishvili Tbilisi State University Press
Abstract
In the context of economic globalization it is important to analyze the COVID-19 pandemic there
is assumption, that the pandemic may increase nationalism, isolationism and promote a retreat from
economic globalization. As a counterweight to this, the pandemic is accompanied by international cooperation,
as well as efforts to rebuild the economies of countries that were destroyed in the period
after the Second World War.
At the same time, COVID-19 has become a global governance crisis, which will change the perception
and role of the crisis. The analysis reveals the uniqueness of the current pandemic, which has
a negative impact not only on global supply and demand, but also on the financial system, which,
due to the debt burden of many countries, is characterized by extremely high risks. The review of studies
also showed that the high rate of spread of the coronavirus pandemic, both in the medical and
economic contexts, is the result of globalization, and the responses of states to the pandemic are
fragmented and protectionist. The practical significance of our research results lies in the possibility
of expanding further research on the economy of the coronavirus. In developing the conceptual framework
of an adapted, proactive economic policy aimed at minimizing the negative economic effects
of the pandemic.
Description
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Keywords
Citation
Conference Proceedings: "The World Economy in the Post-Pandemic Period: Implications and Challenges", Tbilisi, 2023, pp. 271-276