COVID-19 Pandemic Crisis: Accelerator or Decelerator of the New Globalization?

Dimos Chatzinikolaou, Charis Vlados and Theodore Koutroukis ()
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Theodore Koutroukis: Democritus University of Thrace, Department of Economics, Postal: Department of Economics, University Campus, Komotini, 69100, Greece

No 13-2021, DUTH Research Papers in Economics from Democritus University of Thrace, Department of Economics

Abstract: The current pandemic crisis of COVID-19 seems to be transforming the global socio-economic system in all dimensions and multiple directions. In this article, we argue that COVID-19 constitutes a “crisis in crisis” because it occurred at a time of an unfolding global transition. After a brief overview of the post-war phases of the evolution of global capitalism, we conclude that the impact of COVID-19 is catalytic, acting as an accelerator of developments. In this context, organizational adaptation and readaptation at all levels are imperative.

Keywords: COVID-19 crisis; global crisis; postwar development; fourth industrial revolution (search for similar items in EconPapers)
JEL-codes: F69 O10 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2021-11-20
New Economics Papers: this item is included in nep-ban
Note: In Ntokas, I., & Hazakis, K. (Eds), Scientific Workshop of the Department of Economics: Volume of Scientific Contributions (pp. 13-24). Proceedings of the 4th Two-day Research Workshop of the Department of Economics, Democritus University of Thrace, 16-17 October, 2020. Athens: Papazisi Publications
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Persistent link: https://EconPapers.repec.org/RePEc:ris:duthrp:2021_013

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