ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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World Economy and Nation States post COVID-19

With the outbreak of the novel coronavirus, the world economy has come to a grinding halt. The economic fallout would be enormous in terms of loss in production, income, and employment. The COVID-19 pandemic has caused major ruptures in the world system, which has serious implications for global accumulation of capital. It, therefore, presents an opportunity to reimagine the global division of labour and the international economic architecture.

 

It is already a clich to say that 2020 would be the beginning of a new era, which divides history into pre- and post-COVID-19 pandemic periods. The divide may not be as sharp as we see now from the midst of the tragedy. But, if the pandemic persists for about a year or so, it would have already caus

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Published On : 20th Jan, 2024

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