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

Author

Listed:
  • Chatzinikolaou, Dimos

    (Democritus University of Thrace, Department of Economics)

  • Vlados, Charis

    (Democritus University of Thrace, Department of Economics)

  • Koutroukis, Theodore

    (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.

Suggested Citation

  • Chatzinikolaou, Dimos & Vlados, Charis & Koutroukis, Theodore, 2021. "COVID-19 Pandemic Crisis: Accelerator or Decelerator of the New Globalization?," DUTH Research Papers in Economics 13-2021, Democritus University of Thrace, Department of Economics.
    • Handle: RePEc:ris:duthrp:2021_013
    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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    More about this item

    Keywords

    COVID-19 crisis; global crisis; postwar development; fourth industrial revolution;
    All these keywords.

    JEL classification:

    • F69 - International Economics - - Economic Impacts of Globalization - - - Other
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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