COVID-19 as a challenge to the Economics, society and Politics

Abstract

Purpose: to consider in detail the impact of the COVID-19 pandemic on the modern world, in relation to three dimensions – the economy, society. Politics, to outline the most problematic points of negative effects generation, to propose directions for the restoration of the world system within the framework of the formation of a new post-COVID-19 ”normality”.Methods: includes the principles of systemic, theoretical-cognitive, institutional, instrumental and interdisciplinary approaches, mediated by the accepted in social science ideas about the relationship and interaction of subjective and objective factors in social processes with relative independence of the subject.Results: today, the world around us and human civilization, together with the impressive process of globalization, has entered the stage of the emergence of new challenges that were not previously presented to it or were not manifested so powerfully. The first of these challenges of the current 21st century is undoubtedly the COVID-19 pandemic. Today it is stated that, according to the most optimistic estimates, the fall of the world economy may exceed the crisis of 2008–2009. In terms of social practices and communications, COVID-19 is already forcing us to design a new “normality” that will become a reality in the post-COVID-19 era. In the field of politics, it is stated that in authoritarian and authoritarian regimes, a more effective public response to restrictive measures was ensured.Conclusions and Relevance: at the present stage, the market and the signals it gives, by asset class, recession and recovery patterns, should be closely monitored not only by economists, but also by sociologists. political scientists, politicians and public figures. Urgent and decisive political action is needed not only to contain the pandemic and save lives, but also to protect the most vulnerable in our society from economic collapse and to maintain economic growth and financial stability.