Coronavirus and its Impact on Global Economy: Speeding up Structural Changes
- 10.2991/assehr.k.201105.042How to use a DOI?
- Coronavirus pandemic, world economy, deglobalization, economic turmoil, post-coronavirus economy, labour market
Our world is currently undergoing the tremendous influence of the COVID-19 pandemic. The Coronavirus has interfered all spheres of people’s lives and, of course, has not ignored the socio-economic field. Not only the number of COVID-19 victims is growing, but also the economic damage from measures taken by the governments to protect the population from the spread of the virus causes the global economic downturn. The Coronavirus has affected not only each state, but also the structure of the whole world economy. International trade, small and medium enterprises faced a number of difficulties after the border closures, the global supply chains of goods collapsed, the percentage of unemployed people increased, as well as human resources were no longer used effectively. The main objective of the study is to find out how the world economy will change in the post-coronavirus period and examine the main factors influencing its structural changes. In our research we used a number of methods such as data matching, expert opinion assessment and the case study. As a consequence, we concluded that we will witness a completely new era of economic development in the post-coronavirus period in which globalization processes will play a secondary role. Regionalization processes, as well as the use of new technologies, including artificial intelligence, will become the guardian of stable development without any serious economic losses.
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - O.V. Gributskaya PY - 2020 DA - 2020/11/06 TI - Coronavirus and its Impact on Global Economy: Speeding up Structural Changes BT - Proceedings of the Research Technologies of Pandemic Coronavirus Impact (RTCOV 2020) PB - Atlantis Press SP - 233 EP - 238 SN - 2352-5398 UR - https://doi.org/10.2991/assehr.k.201105.042 DO - 10.2991/assehr.k.201105.042 ID - Gributskaya2020 ER -