Thursday, 14 May 2020
Words in our World
Friday, 8 May 2020
Post Covid 19 - with a different lens
Corona or Covid 19 continues to play havoc.
We are unlikely to overcome impending situation and be in
control in 2020.
It may be early to predict the impact of pandemic.
Yet it is time to take a pause, having moved too fast in last
few years. And think of likely issues which may emerge and challenges we may
have to face in the near and far future.
Often we hear the phrase we are in a World War. The size and
scale of pandemic is reminiscent of world war except that this time all the
countries of the world are on one side and are fighting an unknown enemy.
Therefore, as it happens, after the world wars there will be
major changes in the world of today we are living in.
The impact in some areas may be very little or little,
whereas in others it may be noticeable. The impact of this pandemic could be
major or phenomenal or even far reaching in certain aspects and sectors. Some
changes may be immediate or in a very short term, some may be seen in medium
term and some may be visible only in the long run.
Immediate issues and challenges include containing the spread
of the virus, substantially increasing the testing and hospital facilities,
finding medical solution to the problem, making the quarantines and lockdowns
possible and effective and maintaining the supply line of essentials to all.
In the immediate future issues will include maintaining the
production and supply lines of raw materials and stored and finished goods.
Ensuring that unemployment does not reach unmanageable levels. This will be the
foremost challenge for all nations. Increasing requisite healthcare facilities
shall continue to remain a priority in the immediate future.
In the near future attention will be paid to rebuild the economies
and efforts to bring back life to normal. Relocation of production and
manufacturing bases shall be explored by companies and countries. Cash rich
corporations will go for takeovers, mergers and acquisitions. Result of
Presidential elections in USA in November 2020 will decide and impact the new
world order through shaping of inter-governmental and multilateral
institutions. Trump winning or not winning the election will also shape the
future of politics and politicians in many, if not most, countries of the
world. In the next 12 to 18 months actions of trans-national and multi-national
corporations, result of US presidential election, and response of China to the
backlash, it is likely to face, will impact next few decades. Actions and
policies framed by G 20 countries and OPEC countries in the next couple of
years will bring about global changes. In the near future new geo-political
realities will emerge.
In the short to medium term research relating to
bio-technology will receive huge attention and funding. Regulatory authorities
will exercise their influence on data privacy, data control and economic protectionism.
In the medium term new world order with regard to legal, financial and
scientific research will emerge.
In the long term, one may hope, life styles and habits may
change. Long term changes will be with regard to psychological and social changes
in individual and society and systemic changes in healthcare, education,
entertainment and governance.
Let us hope mankind will be more kind and human shall be more
humane.