COVID-19 Pandemic: Economy Transformation in Conditions of Restrictions and Uncertainty

COVID-19 pandemic drastically changed life of people all over the world. The economic situation has become unique in new history. When restrictive measures were introduced economy in the majority of countries functioned according to the temporary economic model. The article studies key economic figu...

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Main Author: N. V. Barinova
Format: Article
Language:Russian
Published: Plekhanov Russian University of Economics 2021-10-01
Series:Вестник Российского экономического университета имени Г. В. Плеханова
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Online Access:https://vest.rea.ru/jour/article/view/1162
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author N. V. Barinova
author_facet N. V. Barinova
author_sort N. V. Barinova
collection DOAJ
description COVID-19 pandemic drastically changed life of people all over the world. The economic situation has become unique in new history. When restrictive measures were introduced economy in the majority of countries functioned according to the temporary economic model. The article studies key economic figures characterizing the economic situation during the first wave of the pandemic, as well as changes in customer behavior of people connected with restrictive measures. The author supports the opinion of some researchers that leaders of many states should pay serious attention to the development of economy of disasters, as COVID-19 pandemic is a real disaster. In this connection the most important aspects of state policy should include: provision of the overall country security and safe life in the critical situation, the development of international public health services and information systems based on network on-line platforms, industry 4.0 and artificial intellect. Proposals were put forward aimed at designing the complex concept of economy of disasters, which shall be developed on the basis of advanced achievements in the fields linked with providing safe life of people. According to the author this concept should be ratified by heads of leading states of the world. Conclusions concerning prospects of developing global economy after COVID-19 pandemic were drawn.
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series Вестник Российского экономического университета имени Г. В. Плеханова
spelling doaj-art-2488e2eb27d24dc18b18da6fe2d6a2b32025-08-03T13:32:07ZrusPlekhanov Russian University of EconomicsВестник Российского экономического университета имени Г. В. Плеханова2413-28292587-92512021-10-0105455210.21686/2413-2829-2021-5-45-52866COVID-19 Pandemic: Economy Transformation in Conditions of Restrictions and UncertaintyN. V. Barinova0Plekhanov Russian University of EconomicsCOVID-19 pandemic drastically changed life of people all over the world. The economic situation has become unique in new history. When restrictive measures were introduced economy in the majority of countries functioned according to the temporary economic model. The article studies key economic figures characterizing the economic situation during the first wave of the pandemic, as well as changes in customer behavior of people connected with restrictive measures. The author supports the opinion of some researchers that leaders of many states should pay serious attention to the development of economy of disasters, as COVID-19 pandemic is a real disaster. In this connection the most important aspects of state policy should include: provision of the overall country security and safe life in the critical situation, the development of international public health services and information systems based on network on-line platforms, industry 4.0 and artificial intellect. Proposals were put forward aimed at designing the complex concept of economy of disasters, which shall be developed on the basis of advanced achievements in the fields linked with providing safe life of people. According to the author this concept should be ratified by heads of leading states of the world. Conclusions concerning prospects of developing global economy after COVID-19 pandemic were drawn.https://vest.rea.ru/jour/article/view/1162global economyeconomy of disasterseconomic developmentpost-pandemic
spellingShingle N. V. Barinova
COVID-19 Pandemic: Economy Transformation in Conditions of Restrictions and Uncertainty
Вестник Российского экономического университета имени Г. В. Плеханова
global economy
economy of disasters
economic development
post-pandemic
title COVID-19 Pandemic: Economy Transformation in Conditions of Restrictions and Uncertainty
title_full COVID-19 Pandemic: Economy Transformation in Conditions of Restrictions and Uncertainty
title_fullStr COVID-19 Pandemic: Economy Transformation in Conditions of Restrictions and Uncertainty
title_full_unstemmed COVID-19 Pandemic: Economy Transformation in Conditions of Restrictions and Uncertainty
title_short COVID-19 Pandemic: Economy Transformation in Conditions of Restrictions and Uncertainty
title_sort covid 19 pandemic economy transformation in conditions of restrictions and uncertainty
topic global economy
economy of disasters
economic development
post-pandemic
url https://vest.rea.ru/jour/article/view/1162
work_keys_str_mv AT nvbarinova covid19pandemiceconomytransformationinconditionsofrestrictionsanduncertainty