Post
Topic
Board Economics
Merits 1 from 1 user
Re: Would nations adopt a DIY approach post covid-19?
by
Lucius
on 28/05/2020, 13:55:47 UTC
⭐ Merited by Upgrade00 (1)
What would be the situation, post covid-19?
One major goal of nations at the end of this pandemic would be to accelerate the economy, by encouraging spending, through providing loans to individuals and businesses, but nations are interdependent, with international relations playing a huge factor in the growth of an economy. Would this change and nations begin to take a more Do It Yourself approach?

It would be logical to change the approach from complete dependence on someone else, to the country becoming self-sufficient in at least some basic things. The pandemic showed that in fact the whole world was dependent on China when it came to protective equipment, and the situation escalated to the point that shipments were literally hijacked at airports and diverted to other countries. If someone has learned something from all this, then some things will change - unless the policy that we should produce everything in China continues, because the cheapest labor force is there. So far, a good part of the world (especially developed countries) has acted like they live in a hotel with services that deliver everything they need, the question is whether they will change their attitude now - because there are situations where money can't buy something that is not on the market.

Side note: Do you also think this would have an effect on an individual level? Services such as in-house painting, furniture moving, plumbing work, food delivery etc from outside sources, the fear of contracting a virus could lead more people to take a more Do It Yourself approach and what impact would this have on home delivered services?

Such things primarily depend on the mentality of the people, some are skilled and like to do such jobs themselves which brings them pleasure and at the same time saves money. Those without skills will continue to seek services, especially when the situation calms down. DIY is actually a generally good approach, I hope people get a little more engaged about trying some things out on their own.

If nothing else everyone who has their own garden can try growing tomatoes, cucumbers, beets, peas or something similar. In addition to having healthy vegetables, working in the garden provides a great way to relax and relieve stress.

We may see more offices like these in the future - why go to the vegetable store when you can pick the same in your office Cheesy