The total impact of the virus is leading to a spasmodic and cynical competition between all the most technologically advanced pharmacological companies, to be the first to put vaccines on the market but for huge economic profits. At the same time, other companies, also technologically very advanced, such as electric car companies, have suffered a total blockage of their activities. Faced with planetary threats, man is mainly directed towards those who can reduce or eliminate the threat. People consider the rest superfluous. To date, there is still no vaccine or cure to heal covid-19, thus, the containment of the planetary threat depends only on the behavior of individuals in implementing distancing, using the mask and washing their hands and on the behavior of governments in tracing the path of the virus among the population and implementing lock-down. So, all depends on human behavior and implementing specific law enforcement policies. The longer this pandemic lasts, the greater the negative economic data, regardless of the technological level achieved by the country, so of stopping the long collaborative industrial production chains that globally involve companies from multiple countries. Technologically less advanced countries will suffer the greatest damage, both economically and in the number of victims of the virus.

The global health crisis will reinforce exponential knowledge automation.

Working Paper The Political Economy of Knowledge Automation

Dear Munira,

Though most stock markets (and oil prices) have nosedived recently, the transitory effects will have prolonged impacts on economies and companies’ earnings because of Covid-19 pandemic and health crisis.

This is also evidenced by the fact that the Fed decreased very recently interest rates to zero levels and the markets keep nosediving. This is an indication that markets are already far sighting and factoring the long-term impacts of current world events because of Covid-19 pandemic and the resultant health crisis.

I am afraid, but current world events will have major impacts on countries and companies’ earnings, which will definitely led to many bankruptcies worldwide.

The recovery from the economic impact of the Covid-19 health crisis will take lot of efforts and prolonged period of time.

I believe there will be potential and key research studies on the financial regulatory ecosystem as related to the Covid-19 health crisis.

For instance, the Financial Stability Board (FSB) that coordinate financial rules and regulatory issues as related to the G-20 economies has issued lately reports to address the financial stability implications of Covid-19.

This is the link to their latest reports:

https://www.fsb.org/

I hope it is useful

Best regards

Prof. Dr. Mazin A. M. Al Janabi

Full Professor of Finance & Banking and Financial Engineering

EGADE Business School, Tecnologico de Monterrey,

Santa Fe Campus, Mexico City, Mexico.

Thank you @ Prof. Dr. M. A. M. Al Janabi for your thoughtful discussion and the link.

In my opinion, the impact of the Fourth Industrial Revolution on the SARS-CoV-2 (Covid-19) coronavirus pandemic is not large. On the other hand, the impact of the Fourth Industrial Revolution on the potential health, social and economic effects of the pandemic is large. The fourth technological revolution, including the development and implementation of ICT, Internet and Industry 4.0 information technologies, made it possible to transfer a significant part of everyday matters, social communication, communication with institutions and offices, work performed, education, purchases, etc. to the Internet and carrying out these activities remotely online . It would not be possible without the development of the fourth technological revolution based on the development of advanced technology, computerized processing of large data sets, their archiving in a computing cloud, transferred via the Internet using highly advanced cybersecurity technologies, their analysis on Big Data Analytics platforms, etc. the development of artificial intelligence, machine-learning technologies, the Internet of Things, Blockchain, 5G, robotics made it possible to improve anti-pandemic safety techniques. For example, robots help medical staff in hospitals and policing services in city parks with specific verification activities and information provision. Drones transport drugs for people suffering from certain diseases coexisting with Covid-19 disease and monitor the state of environmental pollution, smog level, air quality, etc. Internet applications installed on smartphones allow you to build an early warning system about the risk level of SARS-CoV-2 coronavirus infection (Covid-19) in specific regions and places around the world. Therefore, the large multifaceted impact of the Fourth Industrial Revolution on the potential health, social and economic effects of the pandemic has already been diagnosed. Thanks to the fourth industrial revolution and the digitization and internetization of remote communication and economic processes that took place thanks to it, the negative effects of the pandemic are much smaller than they would have been if such a pandemic had appeared, e.g. several decades ago. Before the present fourth industrial revolution, the third technological revolution based on the development of information technology took place in the second half of the 20th century. And before that, the Second technological revolution, which took place at the turn of the 19th and 20th centuries, was based on the inventions of electricity, including the inventions of Thomas Edison and Nikola Tesla. The second technological revolution would not have been possible without the earlier first industrial revolution, the main development phase of which took place in the nineteenth century and was based on the development of industry made possible by the invention of the steam engine. In view of the above, the fourth technological revolution would not have happened without the previously mentioned I-III technological revolutions. Technological progress, which has been taking place for over 200 years, has contributed to the emergence of modern technologies for digital processing of large data sets as well as digitization and internationalization of remote communication and economic processes, thanks to which the negative effects of the SARS-CoV-2 (Covid-19) coronavirus pandemic have proved much smaller than what would have happened if the fourth technological revolution had not happened now.

Best regards, Stay healthy!

Happy New Year 2021

Dariusz Prokopowicz

Dear Dr Dariusz Prokopowicz, I share the same opinion with you. The main elements of Fourth Industrial Revolution are mainly Artificial intelligency, Cloud computing, Cyber security, Robotics, Big data and analytics and Virtual reality. Best wishes and A Happy New year 2021.