The current pandemic may well engender longer lasting and more fundamental social and economic effects, such as risk-aversion and the shift from “mass culture” to that of the “revolt of isolationism”. In the economic sphere one of the implications of the current crisis may be greater investment into “social distancing” undertaken in areas such as transportation, education, retail trade, restaurants and catering, etc. The sudden transformation of demand resulted in the emergence of qualitatively “new demand” that remains largely unsatisfied, along with the disappearance of sizeable tracts of “old consumer demand”.

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All nations of the world are awaiting the end of the COVID-19 pandemic. Needless to say, it seems that the coronavirus will stay with us for a long time to come. This pandemic has taken more than one million lives and affected more than 40 million individuals. It is an unprecedented period where leaders of the world race to create strategies to protect their nation against further spread of the disease – a time where governments are pushed into crisis management mode, struggling to maintain the delicate balance between saving lives and livelihoods. A period requiring, more than ever before, solid engagement, communication, cooperation and sharing of ideas between nations to prepare for post-pandemic economic and social recovery.

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