The goal is to make a critical analysis and critical thinking on the fact that state self isolation under COVID-19 pan taking into account the Nation security issues, can be considered as Brake or Factor to the economic growth of the New world stage.
An important event that is taking place in the context of Covid is the spread of online courses and classes. This has created immense market for the chinese mobile phones, laptops and Apps. An average family is now spending around Rs 10,000 for the purchase of mobiles phones and around Rs 25000 for laptops. This amount is more than 60% of the consumption expenduture of households in Kerala during the month of May 2020. This kind of expenditures won't give any economic boost to our economy. Some high level planning is required at this level.
You are right MJ.
The PPP in certain countries still going up instead of the GDP. huge economic decadence. Because of the fact that people are consuming now their economy because production is dormant because of the pandemic...
This could differ country by country. Those that are dependent on the global supply chain may suffer the most. Those that are producers may have a fluctuation but could eventually get back on their feet. This event surely questions the idea of national security and regional production/development that could help regional thinking more than global thinking.