Global Economic Observer (Dec 2020)
New Drivers of Change in the World Economy in the Context of SARSCov-2 Pandemic
Abstract
The world economy is passing through a crisis with deep implications, due to globalization and the intensity of flows and interdependencies between economies. No country in the world escaped unhurt by this unprecedented crisis, no matter of the incidence of the coronavirus pandemic over it. Could this be a tipping point of a transformative change of the world economy? There are many signals and factors that indicate that there is a disruptive potential accumulated recently. Either technology, digitalization, climate change or the pandemics could determine a shift in societal behavior of people and businesses that might change the world economic order. This paper is not trying to provide answers, but only to present few of the recent evolutions which might have big implications in the proximate future.