Post
Topic
Board Economics
Re: Is corona virus crisis changing economical equations around the world?
by
AndySt
on 11/01/2021, 20:43:26 UTC
Some major countries are facing crisis created by corona virus, meanwhile few others have controlled it successfully. Can this pandemic change economical and political status of countries?
Third world countries are surely affected by this greatly and some countries are already using this pandemic as a platform that could boost their credibility during the legitimate campaign period. It also shows that some countries without the necessary plan to mitigate the virus is really affected greatly and this greatly shows the incompetency of officials. Their economical statuses will really show which is their true governing style which is really not high tier.
If the conversation is only about economic development, then it is unlikely that strong changes will come, because after the epidemic has passed, the economies of the absolute majority of states will recover to more or less the previous pre-pandemic level. But about politics in the event of an unsuccessful fight against COVID, there may be some consequences that, in the worst case, can lead to turbulence in the relations of the political elites of a particular state and as a result of this long-term deterioration of the economic situation.