IDEAS home Printed from https://ideas.repec.org/a/arh/jpopec/v4y2020i2p4-12.html
   My bibliography  Save this article

The economy under the pandemic and afterwards

Author

Listed:
  • Alexander A. Auzan

    (Lomonosov Moscow State University, Moscow, Russia)

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.

Suggested Citation

  • Alexander A. Auzan, 2020. "The economy under the pandemic and afterwards," Population and Economics, ARPHA Platform, vol. 4(2), pages 4-12, April.
  • Handle: RePEc:arh:jpopec:v:4:y:2020:i:2:p:4-12
    DOI: 10.3897/popecon.4.e53403
    as

    Download full text from publisher

    File URL: https://populationandeconomics.pensoft.net/article/53403/
    Download Restriction: no

    File URL: https://libkey.io/10.3897/popecon.4.e53403?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Cleginaldo Carvalho & Larissa Miki Ishikura & Iris Braga Silva & Matheus Marinho Arruda & TainĂ¡ Luciene Garcia dos Santos & Rafael Godoi Cutait, 2023. "Evaluation of companies (Magazine Luiza SA) and investments in the E-commerce area during the Covid-19 pandemic period," Technium Social Sciences Journal, Technium Science, vol. 41(1), pages 130-146, March.

    More about this item

    Keywords

    COVID-19 globalization pandemic economic crisis path dependence;

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arh:jpopec:v:4:y:2020:i:2:p:4-12. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Teodor Georgiev (email available below). General contact details of provider: https://populationandeconomics.pensoft.net/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.