Abstract
This paper detects and offers solutions to alleviate COVID-19 induced inequality. The COVID-19 external shock now clearly created economic disparity between nations, industries and societal groups. This paper discusses rising inequality trends in finance, healthcare and digitalization exacerbated during the global COVID pandemic. It then discusses the most novel and cutting-edge innovations in bridging the finance-world and real economy inequality gap, fostering digitalization advancements and common goods oriented access to affordable healthcare but also equality in connectivity and tech-skills development to overcome unforeseen inquality in the shadow of COVID-19.
Highlights
The COVID-19 external shock clearly created economic disparity between nations, industries and societal groups
In contrast to earlier economic turmoil stemming from system-inherent crises creating liquidity constraints, the external COVID shock caused “social volatility” – a collectively depressed mood that largely dampened consumption
The financial world performance began to diverge massively from the real economy in 2008/09 and experienced the greatest divergence so far with the Coronavirus crisis that widened the gap between top performance of financial markets and negative fallout in the real economy (The Economist, October 10, 2020a, b, c)
Summary
The COVID-19 external shock clearly created economic disparity between nations, industries and societal groups. The clear distinction between COVID-19 profit and loss industries made it possible for today's highly flexible financial world to quickly exchange weakened market segments – such as oil, public transport and aviation, face-to-face service sectors such as international hospitality and gastronomy – with above-average market options – such as pharmaceutical companies and emergency medical devices for healthcare, digital technologies, fintech, artificial intelligence and big data analytics industries, online retail, automotive and interior design industries. Modern healthcare being technologically advanced requires digitalization and innovation market financialization for modern preventive and precautionary medical care.
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
