At the end of 2019, the world witnessed a phenomenon that only existed in history books. An epidemic that started in one part of the world turned into a pandemic that forced nations across the world to impose lockdowns. The pandemic did not just affect our lives, it had a major impact on the economy as well.
Don’t such times make us realize how fragile life is? Shouldn’t we stand together to make our world a truly better place for everybody? Will we be able to build a caring economy for the post-pandemic world?
Care and awareness can bring a marked change in society, but how can we improve the economy in post-pandemic times?
There has been an exponential rise in unemployment, a decrease in income and a general instability in our lives.
The areas that need our attention in the post-pandemic era include:
– Our personal lives
– Public health
– Financial markets
– World economy
Despite the devastation, all is not lost; there is still hope.
Here are some key points that can help build a caring economy in the coming years.
Vocal for Local
Buying from local entrepreneurs and firms can be a key factor in building a stable economy. When countries become net consumers rather than net producers, it adversely affects the gross domestic product of that country.
In Mahatma Gandhi’s words, “Be the change you want to see in the world”. COVID-19 has given us a second chance to rethink and redevelop locally, and to be self-dependent.
To achieve this, there is a need to support and promote the MSMEs (micro, small and medium enterprises) of a nation.
It is not about building an entire product, but about efficiently producing whichever part or piece is needed within the given resources. Quality is important.
Greater focus on public health and healthcare in general
It took a pandemic for the world to realize that we need a better and more organized public health network. In a post-pandemic economy, we need better healthcare facilities equipped with technology and robust management systems. A stronger medical sector will act as a shield against future problems, especially those involving communicable infections.
As more and more people choose digital advancements over conventional modes of data processing, we will see the following changes:
Firstly, a strong online network will be created. Secondly, direct contact between human beings will decrease.
From work-from-home scenarios to online transactions, the world is at everyone’s fingertips today. Accordingly, safeguarding personal and professional data, learning to distinguish between facts and misinformation, learning how cybercrimes occur and identifying ways to tackle major technical issues can ensure secure cyberspace.
More importance to science, innovation and creativity
Everything starts with an idea. Scientific creativity will save our planet’s limited stock of resources, provide better yields and create a smarter tomorrow. Our world needs entrepreneurs, innovators and ambitious start-ups that will open doors for technological innovations.
Better leaders build better nations. Under good leadership, the technology sector, the healthcare system and the economy will flourish. Vote for a better future!
Getting close to Nature
We grow with Nature. When we understand our surroundings and natural habitats, we will be able to differentiate between needs and wants. Such awareness will provide a fresh perspective and help reduce the exploitation of natural resources.
A better economy will be where the physical, psychological and emotional needs of individuals are respected and met. Opportunities of growth without undue discrimination, fair distribution of power and resources, national unity, regard for minorities and an impartial yet refined justice system are some changes that good leaders can bring in.
The efforts of past leaders and reformers have led to a somewhat liberal society today. And it is now our responsibility to make our world a better place.