Ovidius University Annals: Economic Sciences Series (Jan 2021)
Rethinking the Welfare State in Global Economy Affected by Pandemic Crisis
Abstract
The coronavirus crisis has highlighted the flaws in European Welfare States, which can spur their renewal and reinforcement after decades of cuts and privatisation. This pandemic has allowed us to rethink the importance of Weflare State, but also to consider health and well-being as a key driver of new development. The purpose of this paper is to highlight the role of the Welfare State in the new social and economic context caused by the pandemic and to show the inability of the private health care system to cope with the extremely large number of patients.