Macroeconomic and Cultural Determinants of the COVID-19 Pandemic Crisis

摘要

The main purpose of the study presented in the paper is to reveal some important macroeconomic and cultural features of the economic crisis caused by the COVID-19 pandemic. The study used the methods of system analysis and modeling. Since the source of the crisis was not the economy but the catastrophic impact of the coronavirus on various fields of human activities, the importance of developing the knowledge economy as well as the relevance of the concepts of the green economy and green growth are discussed and substantiated. In the study it's underscores that globalization is not a direct reason for the coronavirus crisis but it may significantly exacerbate such crises unless a clean environment is promoted and relevant "green" technologies are actually used in all the sectors of the economy. The author pays particular attention to the issue of increased economic uncertainty and according results of studies shows the necessity of strengthening comprehensive economic forecasting and analytical activities both in the private sector as well as when developing a macroeconomic policy.