LATEST ARTICLES
“The Covid-19 pandemic poses to us one of the greatest challenges of our time. This pandemic indeed springs the reality of the VUCA (Volatility, Uncertainty, Complexity and Ambiguity) world. In times like this we shall, unfortunately see downward spirals of countries and economies. Very sadly, we cannot avoid the mortality of lives, the rising of unemployment and worsening of poverty. However, in the earthly life there are always 2 sides of the coin. The pandemic is evidently a crisis to the globe, but a crisis propels creativity and accelerates innovation. Things will not be the same anymore. Agile businesses will rise to the innovation challenge. There will be a lot more technology use, stemming out of the “lockdown” period that many countries find themselves in. Managing people will become interesting, as the leaders and HR partners of organisations will have to shift management styles after having tested the ‘working from home’…
Written by B P Scallan – The Da Vinci Institute Abstract: This paper describes how shock events such as the coronavirus pandemic changes the course of economic history. It details the mechanism of how the virus spreads requiring a lockdown to contain the spread and which has consequences for the economy but initially only on the supply side. Furthermore, it speaks to how a disruption to supply will cause a different type of recession to previous recessions. A solution is proposed requiring the support of the International monetary Fund and suggests features of the new economy that will emerge from the recovery. It is necessary to envisage what the future might be like, so as to prepare appropriately. Keywords: coronavirus; recession; change Introduction The coronavirus which has the technical name SARS-CoV-2 causes the disease COVID-19 which has become a pandemic throughout the world. There is considerable comment in the…