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Global social drama of pandemic and recession

Author

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  • Leonid M. Grigoryev

    (The Higher School of Economics, Moscow, Russia)

Abstract

Global drama of pandemic has caused the deep reduction of consumption of wealthy strata, unemployment and isolation. Huge number of people around the Globe is facing the step back to basic needs by Maslow pyramid: physiological needs and security. Adaptation of people to the new situation goes difficult, while somewhat easier for employed in intellectual activities, primarily for university professors. The exit from recession is still far ahead, and it will depend on the certification of territories, and issue of trust for citizens to start going from their regions. Morals, literature, memories of survival will be close to models of those after the big wars.

Suggested Citation

  • Leonid M. Grigoryev, 2020. "Global social drama of pandemic and recession," Population and Economics, ARPHA Platform, vol. 4(2), pages 18-25, April.
    • Handle: RePEc:arh:jpopec:v:4:y:2020:i:2:p:18-25
    DOI: 10.3897/popecon.4.e53325
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    Cited by:

    1. Bobylev, Sergey & Grigoryev, Leonid, 2020. "In search of the contours of the post-COVID Sustainable Development Goals: The case of BRICS," MPRA Paper 102424, University Library of Munich, Germany.
    2. Kristijan Krstic & Ronny Westerman & Vijay Kumar Chattu & Natalia V. Ekkert & Mihajlo Jakovljevic, 2020. "Corona-Triggered Global Macroeconomic Crisis of the Early 2020s," IJERPH, MDPI, vol. 17(24), pages 1-9, December.
    3. Tan Yigitcanlar & Federico Cugurullo, 2020. "The Sustainability of Artificial Intelligence: An Urbanistic Viewpoint from the Lens of Smart and Sustainable Cities," Sustainability, MDPI, vol. 12(20), pages 1-24, October.
    4. Pavel Aleksandrovich Minakir, 2020. "The Economy of the Pandemic: A Far Eastern Russian Aspect," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 4, pages 7-22.
    5. Grigoryev, Leonid & Pavlyushina, Victoria & Muzychenko, Evgeniya, 2020. "Падение В Мировую Рецессию 2020… [The fall into 2020 recession..]," MPRA Paper 102626, University Library of Munich, Germany.

    More about this item

    Keywords

    COVID-19 coronavirus pandemic world recession economic crisis;

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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