Does The World, After The Corona Crisis, need to Design Coherent, Flexible and Sustainable Economic Systems?

Proceedings of ‏The 3rd International Conference on Future of Business, Management and Economics

Year: 2021

DOI:

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Does The World, After The Corona Crisis, need to Design Coherent, Flexible and Sustainable Economic Systems?

Al-Mafrachi Mustafa Saad, Enas Hussein Aboura, Abed, Hanaa Najm

 

ABSTRACT: 

This research paper aimed to analyze the impact of the Corona pandemic on the economic, health and political governance systems in the world by examining the fate of what humankind has accomplished within the framework of its overlap and possibly economic integration in the past three decades, and then the study began to ask questions about: Will the Corona pandemic be the beginning To restore the economic and service systems of the world countries? Or will the size of global interference in all areas, especially the economic one, prevent the disengagement of world countries and their current systems? And will the United States remain at the forefront of the international system? Will the European Union maintain its cohesion? Will China abandon its gradual rise and become more equitable? What will the international system be after the Corona pandemic? Does the crisis represent an opportunity to build governance systems capable of dealing with non-traditional challenges? in addition to a number of Other questions. The study reached a number of results, including: The crisis revealed the urgent need for international intervention, whether to impose isolation, monitor patients, and expand health diagnosis, or through its strong return to the health sector, such as building and equipping public hospitals. It has become accepted that the international system has been witnessing multi-polarity for years, and that the Corona pandemic has only entrenched an international reality that is already in the process of forming while giving more opportunities for the rise of China.

Keywords: Corona, international system, the global economy, the rise of China, the American hegemony.