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Long‐term consequences of the 2020 coronavirus pandemics: Historical global‐macro context
Author(s) -
Tokic Damir
Publication year - 2020
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.22448
Subject(s) - pandemic , globalization , context (archaeology) , term (time) , covid-19 , geopolitics , inflation (cosmology) , development economics , economics , macro , coronavirus , political science , geography , market economy , medicine , outbreak , virology , politics , infectious disease (medical specialty) , law , archaeology , pathology , theoretical physics , computer science , quantum mechanics , programming language , physics , disease
The COVID‐19 pandemics is likely to accelerate the trends of de‐globalization and de‐dollarization. Over the long term, the major financial consequence is likely to be the accelerated trend of rising inflation and long‐term interest rates. More broadly, the post‐pandemic environment will likely encompass difficult longer‐term economic and geopolitical challenges. Alternatively, the COVID‐19 pandemics also creates an opportunity for building a new trend of more sustainable globalization.