Reformatting the Social Contract in the Context of a Pandemic

Author:

Leontieva A. N.1

Affiliation:

1. Institute for Regional Economy Problems of the Russian Academy of Sciences (IRES RAS)

Abstract

Aim. The presented study aims to identify the most significant changes in the global and national development agenda associated with the impact of the coronavirus pandemic.Tasks. The authors analyze the performance of the financial sector; summarize the assessments of leading consulting companies and the results of public opinion polls regarding the actual and projected state of the global and Russian economy and changes in consumption patterns; determine challenges that national authorities are currently facing.Methods. This study uses general scientific methods of cognition: observation, generalization, comparison, deduction and induction, methods of institutional and structural analysis.Results. Major trends of socio-economic development during the post-crisis period are examined and analyzed; factors affecting changes in the social structure and potential directions of managerial influence are determined.Conclusions. The 2020 coronavirus pandemic has been a huge stress for the established management systems at all levels, generating additional public demands that need to be reflected in the social contract. Changes in the main trends of socio-economic development caused by quarantine measures determine the parameters of a different environment for national and social development. Production and industry are affected by regionalization, while consumption is becoming increasingly globalized. Human capital is undergoing transformation in response to the digitalization of the economy, which creates the prerequisites for increasing inequality.

Publisher

Saint-Petersburg University of Management Technologies and Economics - UMTE

Reference11 articles.

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