Eclectic Views on the Consequences of Covid-19

Atanas Damyanov
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Atanas Damyanov: D. A. Tsenov Academy of Economics

Economic Archive, 2020, issue 3 Year 2020, 29-40

Abstract: This research, with which we aim to penetrate through the Covid-19 fog, consists of four chapters. In chapter one, very concisely, we identify the consequences of the 2008 crisis. In chapter two, we have searched for biblical proof and philosophical explanations of the pandemic, upgraded with a paradox of the capitalist economic system. We have provided a graphical representation of the impact of the pandemic, different from the “V”, “U”, “L” and “I”- shaped interpretations. Chapter three adopts a thesis by Renaud Girard, but we have also made an independent overview of the weaknesses of three ideologies. Further-more, we have added to the G-20 recommendation for the restoration of transborder commerce. Chapter four offers a second, author’s variant for graphical representation of overcoming the consequences of the pandemic. It is emphasized that it is not a one-season phenomenon. We have synthesized the damage caused to each sector and profession in the world. We claim that the structure of product range depends on the structure of consumer demand and the changes in the new environment. Therefore, the key word is “Transformation”. These are followed by thoughts and conclusions divided into three major characteristics of the pandemic and four models of human behavior. We propose new organizational and structural changes for the firms, enterprises, and corporations. We argue that management now tends to be based on algorithms, protocols, and economic platforms.

Keywords: biblical proof; graphical representation of the crisis; effects of Covid-19; new environment; digital transformation (search for similar items in EconPapers)
JEL-codes: F02 F42 F63 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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