Some Outlines of Political Economy of Post Corona: Editorial Note

Document Type : Original Article

Author

Professor of Economics, Department of Economics and Political Science, Shahid BeheshtI University, Tehran, Iran

Abstract


    COVID-19 engulfed the world after passing financial crisis 2007-2012, European debt crisis, UK Brexit, Middle East challenges, US-China trade war, and the risk of populism etc. As some economists mentioned correctly, COVID-19 is spreading human suffering generally and economic suffering particularly, it is as contagious economically as it is medically (Baldwin and Mauro 2020). The impacts of pandemic coronavirus (both economics and non-economics) are still continuing. Thus, both death and infected cases have been reporting and updated daily, after more than 1.5 years of its starting point, in December 2019. Globally, in late August 2021 more than 201 million confirmed cases including 4.5 million deaths reported to WHO (2021) and around 4 billion vaccines have been administered. Covid19 has changed the world, has reached every country, and has imposed huge costs on all. At the same time, it has been converted to a good arena for testing government performance throughout the world. For, due to bad governance during the corona era, some governments have been depriving their citizens from global supports. The global economy shrank by 5% in 2020, this is the worst since the great depression 1930s (IMF 2021). Trade industry still is low in 2021, the hospitality sector has been hit by the bankruptcy of companies, the global economy faced with an unprecedented fall in the shopping centers, the stock markets dropped 15% on average, and unemployment rose significantly even in advanced countries. From 2019 through 2020 the least increasing unemployment, which belonged to Japan, was about 1% percent, Germany and Italy 1.5%, UK 1.8%, France 1.9%, Brazil 2.5%, Canada 4%, and USA 5% percent 

Keywords


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Volume 2, Issue 2
2021
Pages 1-4
  • Receive Date: 18 September 2021
  • Accept Date: 18 September 2021
  • First Publish Date: 18 September 2021
  • Publish Date: 01 October 2021