the influence of this pandemic on the enviroment, social life , economy of the world.
In this slide there is the DEBT GDP ratio of some Europe countries & USA vs. death numbers COVID-19 associated >>> https://www.researchgate.net/figure/ResGa-FxFac-post_fig82_339781431
Other economic & financial themes in this open RG question about the dramatic situation in N.Italy >> https://www.researchgate.net/post/The_novel_Coronavirus_in_N_Italy_Lombardia_COVID19_2019nCoV_SARSCoV2_shows_a_fatality_rate_compatible_with_SARS-MERS_Why
I think that our economy will be totally different after the COVID-19. For sure it will impact on global production chains. Producers will diversify their suppliers and whole distribution systems. Banking sectors will be more dependent on contactless solutions and we might observe some slackening of the globalization processes. Other important issue are the negative consequences of the pandemia. The IMF already announced that we may experience the worst global economic crisis since the Great Depression of 1930s.
It will change the World into human psychologically, physicall, economically, politically, socially and religiously.
The SARS-CoV-2 coronavirus pandemic that causes Covid-19 disease has already begun to seriously change the world in many different aspects and areas.
Regards,
Dariusz Prokopowicz
COVID19 will change the world economically and politically depended on the relationship between USA and china.
I agree with most researchers here. I believe that COVID-19 has become the ultimate 'game-changer' in all fields, areas, contexts and countries. We must get used to a 'new normal' going forward.
It may change the way of doing business, education, and social life by frequent online meetings.
we may depend upon technology mostly, food habits may be changed avoiding animal meats, perception towards ecology may be changed, policy might emphasizes sustainable development and so on.
It will change social behaviours for a very long time, if not forever.
Food habits, technology dependence, sanitation habits, climate consciousness and sustainability, operational efficiency and optimization, re-thinking of project and program management, agile management and manufacturing, risk and controls management, business dependencies, need for business travel, definition of lifestyle, all shall come under habitual scrutiny, and many of these shall evolve. Even geopolitical and geoeconomic dependencies may change.
Please find below several useful links:
Harari, Y.N. (2020). „Wir werden in einer anderen Welt leben, wenn die Krise vorbei ist“, Handelsblatt, 28.03.
International Monetary Fund (2020). The Great Lockdown, April, available at: https://www.imf.org/en/Publications/WEO/Issues/2020/04/14/weo-april-2020.
International Monetary Fund (2019). World Economic Outlook Database, October, available at: https://www.imf.org/external/pubs/ft/weo/2019/02/weodata/index.aspx.
Krastev, I. (2020). Seven early lessons from the coronavirus, European Council on Foreign Relations, March 18.
López, J. (2020). The coronavirus: A geopolitical earthquake, European Council on Foreign Relations, April 2.
Ortega, A. (2020). The deglobalisation virus, European Council on Foreign Relations, March 18.
United Nations Conference on Trade and Development (UNCTAD) (2020a). Coronavirus could shrink global FDI by 5% to 15%, March 8, available at:
https://unctad.org/en/pages/newsdetails.aspx?OriginalVersionID=2299.
UNCTAD (2020b). Coronavirus could cut global investment by 40%, new estimates show, March 26, available at:
https://unctad.org/en/pages/newsdetails.aspx?OriginalVersionID=2313.
Currently, each day increases the impact of the SARS-CoV-2 pandemic SARS-CoV-2 causing Covid-19 disease on the economy, everyday life of people, anti-pandemic and sanitary security standards used, on interpersonal communication currently implemented mainly remotely via the Internet etc. and on many other spheres personal and professional life of people.
Greetings,
Dariusz Prokopowicz
It will change the social behaviors of human for a long period.
1. Globalization to De-globalization.
2. "New way of Life"
3. No doubt on the decline on the economy but eventually it will grow.
4. Lessons learnt from this pandemic will definitely help human being to be self dependent.
The nongovernmental organisations will have a more important place in local sustainability. My conference paper emphasize this statement: Deleted research item The research item mentioned here has been deleted
Sura L. Alkhafaji world before covid2019 not that as after it. People habits , norms, and lifestyle changed forever, countries relations not as were, so we need to wait too see what while happen more than that.
One of the important feature which we observed during the last few years was the process of decoupling between China and the United States. I am pretty sure that COVID-19 will accelerate the process.
COVID-19 will change the whole world in many aspects. It will improve the environmental and climatic state and degrade the economic and moral state.
See this link gives an answer to your same question, which is entitled:
How will coronavirus change the world?
https://www.bbc.com/future/article/20200331-covid-19-how-will-the-coronavirus-change-the-world
Sura L. Alkhafaji
From Auditors point of view, I may say that Bank branch audits will be a tough challenge in the present COVID-19 scenario. In view of the present lockdown and government advisory, the audit firm can opt for all the communications by email instead of physical mode wherever necessary, Banks will have to co-ordinate with the concerned audit staff for making necessary arrangements for their movement and safety within and outside of red zone, depending on location of auditor and the Bank branch. The audit firm may even the respective bank to provide an access for staff / partners at the nearest branch so as to enable to have delegation of work among them.
In all aspects it will change. Attaching some good papers for your reference.
The sooner it finishes, the faster people will forget. But there will certainly be some impacts on certain sectors.
The world is more green after the lockdown but global economy is just collapsed. Fear, anxiety and silent cry in society are visible now.
We can see the divisions in different worlds even in Corona crisis, we can see still bombing in middle east. We have seen the poor health preparedness to control the crisis. Reformed health system is urgent with adequate budget and manpower. We can see the confusing role of WHO too.
The oversight tendency for not have taken the pandemic genuinely serious even as it submerged China, a deeply defective approach toward providing broad testing for the coronavirus had left United States of America blinded to the extent of the present crisis and a dire shortage of Doctors ,Nurses , Clinicians and Healthcare Attendants on the front lines as well as ventilators to keep the critically ill alive,(Binnicker, 2020). A number of Medical Schools in Massachusetts and New York pronounced this week that they premeditated to proffer early graduation to their fourth year medical students and push them forward into the front-line healthcare as the demand for medical work force surges. On Tuesday 31st March, 2020, the Grossman School of Medicine New York University happen to be the foremost Institution in the United States of America to proclaim the offer of early graduation of students and get them mobilize into front line Medical combat against COVID-19. In a Similar development, Italy and Britain advanced many final year Medical students into midway Clinical service Staff to ensure appropriate response to CONVID-19,(Beck & Tobin, 2020). The Medical schools at Tufts University, Boston University and the University of Massachusetts had deliberated moving up their graduation dates to April 2020 from May 2020 amidst request for Healthcare team from the state of Massachusetts to spread out the Medical work force in responding to COVID-19. The Harvard Medical School had also contemplated the same option of early graduation to ensure that Medical and Healthcare personnel are adequately enough for COVID-19 pandemic,(Bayne, Norris, & Timmons, 2020). According to , Dr. Steven Abramson, Vice Dean for education, faculty and academic affairs at N.Y.U. Grossman, he rightly maintained that Universities pronouncement came as its hospitals were increasingly overwhelmed with influx of COVID-19 patient cases, hence the need to expedite action and absorb graduate students who are interested in serving in hospitals with immediate effect,(Giwa & Desai, 2020).
Thanks for the discussion. I think it affects every aspects. Nationalization, Globalization, trade and marketing system, agriculture and Research play a role in post covid era.
In many ways..
From digital learning to on line shopping to video chatting,. from living simply with family to feeling more concerns for near and dear ones, from prayer songs to community prayer through national anthems, having tremendous knowledge on health, hygiene and on life as a whole and many more.
This pandemic taught us a lot.
