THE POSSIBLE LONG-TERM ECONOMIC EFFECTS OF COVID-19: WHAT WILL THE POST-COVID ERA BRING?

Abstract

Covid-19 has permanent effects on economic units and sectors. The closures and restrictions that took place during the epidemic process increased the importance of digital platforms and brought about a rapid transformation in many areas from retail trade to education, e-government applications, health, finance and logistics. It is possible that the job and employment losses created by the epidemic process will become permanent in the long term when considered together with digitalization. In this process, the role of the state will increase, requiring it to develop policies to compensate for job and employment losses, and to play an active role in new regulations for digitalization and environmentally compatible development plans. This process has brought along a radical change such as questioning the future of capitalism and creating new perspectives on global and collective actions. In this study, the long-term effects of covid 19 are discussed theoretically in the light of economic data in the context of transformation, digitalization, permanent employment losses and the increasing role of the state in supply chains.