How Have Governments and the Entrepreneurial Sector Reacted to the First COVID-19 Lockdown?

Abstract

At the end of 2019, the pandemic caused by COVID-19 and its different mutations is forcing the world to face a significant economic crisis that will change the business world. To cope with this socio-economic problem, a digitation process has been accelerated in the labor market, and a more vital public-private collaboration has been put into action to solve this situation. Despite these efforts, the world is facing a broader North-South gap, and a new business world has been created for the new generations to come. This chapter aims to analyze how the first lockdown caused by COVID-19 has influenced this changing process. The authors conclude that this lockdown has accelerated both the digitation process and the work-life balance. Also, more efforts are needed to fight the psychiatric problems associated with the lockdown.