Akademik Məlumat İdarəetmə Sistemi
JOURNAL OF ECONOMIC AND SOCIAL DEVELOPMENT, vol.925, no.1, pp.437-444, 2020 (Conference Book)
The article is devoted to the analysis the impact of the epidemic, which will lead to a major economic and geopolitical crisis. With the development of the situation in the world, the traditional part of the economy will go into stagnation. The coronavirus will cause the collapse of the modern world order. A long economic “ice age” will follow, national conflicts will escalate, borders will close, protectionism will prevail, and military conflicts are possible. The atomization of society will continue: more and more events will be held online, major festivals, performances, lectures will be canceled, shopping centers will be closed, and purchases will be made mainly via the Internet. However, the relationship between the digital and the physical in our picture of the world will change dramatically. Previously, the “figure” was a part of the whole, a rapidly growing and increasingly visible, but strictly limited area. Now the world will become digital by default, the physical will become a part of it, a very big, very important part, but a part. Work at home and online services, including medical consultations, will prevail. This transformation will have much broader implications than just developing online sales channels for end consumers and industrial customers. There is a huge uncertainty facing humanity. No one knows how the behavior of ordinary citizens, investors, and governments will change because of the crisis. For the world, economy coronavirus is another powerful promise for structural adjustment of the market. The article will show the consequences of the coronacrisis: the fall in stock prices on world exchanges, the rise in the price of gold, the break in international economic ties, including in the global auto industry. Global cataclysms will determine long-established trends, turning them into irreversible shifts. The result of the total spread of COVID-19 is likely to be the ultimate triumph of the digital economy