COVID-19 Pandemic Crisis: Accelerator or Decelerator of the New Globalization?
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
8 Pages Posted: 30 Nov 2021 Last revised: 29 Dec 2021
Date Written: November 20, 2021
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
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