The economy under the pandemic and afterwards

Alexander A. Auzan ()
Additional contact information
Alexander A. Auzan: Lomonosov Moscow State University, Moscow, Russia
Authors registered in the RePEc Author Service: Аузан Александр Александрович

Population and Economics, 2020, vol. 4, issue 2, 4-12

Abstract: The article deals with the peculiarities of the current global economic crisis and discusses whether the crisis can give an impetus to a new development model. The author emphasizes that as the crisis is caused by external shock (the pandemic), it is very different from other types of economic crises and can be followed by serious civilizational consequences. The pandemic is the price for globalization. During the crisis, governments face an unsolvable dilemma: saving lives or preserving the economy (that is, future lives), with a significant credit of trust of the population. In such a period, a society has a chance to improve the path of its development (get out of the path dependence). In particular, the author discusses institutional changes needed in contemporary Russia to make this happen, namely the tax system revision and the law enforcement agencies reform.

Keywords: COVID-19; globalization; pandemic; economic; crisis; path; dependence (search for similar items in EconPapers)
JEL-codes: B52 O43 (search for similar items in EconPapers)
Date: 2020
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://populationandeconomics.pensoft.net/article/53403/

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arh:jpopec:v:4:y:2020:i:2:p:4-12

DOI: 10.3897/popecon.4.e53403

Access Statistics for this article

Population and Economics is currently edited by Irina E. Kalabikhina

More articles in Population and Economics from ARPHA Platform
Bibliographic data for series maintained by Teodor Georgiev ().