Topic: How in the world we going to restart the world economy ? - page 2. (Read 883 times)

That is correct and the primary focus for every nation right now is to stop spreading the corona virus and find a vaccine. So economy has already down by a big factor but that said like you mentioned we are humans and we adapt very quickly. I consider the fact that how people would never even sit in their home for a few hours and now we are locked in for days and weeks without any problem because when we are given a condition and the only way to survive we usually react positively towards that.

Similarly when the pandemic ends and the economy starts to come out of the crater it would require efforts to bring the economy back to normality but I am pretty sure recovery is way too easy once you fix the problem.

Yes the future doesn't look so bright at the moment, but we humans can adapt. I don't think people are completely broke yet. Most families just completely cut off spending on non necessary items - but didn't liquidate all their saving yet - stock prices are still fairly high, no panice selling yet. As soon as the corona numbers will fall drastically the economy will pick up again. I believe once spending picks up again the companies need to hire their employees back. We must keep optimistic about the future - this crisis will pass.

By the time goes by our world are having this pandemic crisis and most of the people right now do not have work and other jobs because some of the company are paused temporarily their works to avoid getting the virus more spreading and because of that many people right now do not have enough capability to survive because they don't have jobs some of them are in no work no pay and this is hard to get a lot of stuff we need right now.

But take a look at the good news some of the people right now are cured by this pandemic outbreak which is a good thing right now so we can see that there are still hope on this economy and some of the countries are now fully recovered by this pandemic outbreak which means they fought it and win against the virus.

The reason why the businesses are now allowed to be open again because the government want to make sure that the economy will not die, it is true that majority of the Asian countries are really affected by the virus and the unemployment there really increased so high. It is so sad to see that there are a lot of people that keep suffering because of the pandemic. The economy for sure will recover like before but we should not expect that it will take a short period of time only.

Firstly the pandemic has to be overcome to be able to think about economy and once the pandemic is under control the government need to encourage their citizen by rolling out jobs and policies that make people work hard. It can be either encouraging talents like giving them subsidy or help with them taxation like reducing taxes for new and individual businesses.

I don't think it will be easy to come out from the hole that is already been created but for sure there are possible ways to recover and the economy of growing countries is the worst affected because some Asian countries were on the rise and now they have to start from base again as all the trades outside country are halted and slowed down.

To be able to restart the world's economy, what we need to do is to slowly start up the business establishments and other related work places that are mainly concerned on the mass production of nit just foods but as well ass goods and services that are essential to restart the economic flow since many establishments have been temporarily closed which leads to the shortage of essential needs.

But to effectively do such restart on a fast phase, the discovery of vaccine is tightly in need so that we can already open up all the establishments in a maximum capacity of work force to be able to boost up that restart we need on the circulation of goods and services needed by the public so that the economy will now undergo a full recovery.

But since we are still on the pandemic, the "new normal" set up will be the key to somehow start up the slow process of restarting the world's economy from months of postponement brought by the pandemic. Getting into the "new normal" set up will put an ease on the problem we are facing right now even on a slow process while vaccine is still not yet discovered.

Yup, technology is synonymous with efficiency with expensive initial costs. Sometimes I think this pandemic is the initial cost that humans must pay before the industrial revolution 4.0 really runs. With the existence of a pandemic, there is a force majeure justification that makes mass layoffs and works efficiency with the use of robots and AI not turned into massive demonstrations that trigger chaos and bloody tragedies. With a little bit of heroic propaganda and struggle in the midst of a hopeless pandemic, the shift of human labor into robotic labor can be tolerated and even appreciated. Are you ready to face the new battle round of man vs. robot, after the pandemic?

Why you can think that foreign debt is the solution to all problems. Foreign debt is solving problems with problems. Let us check from all IMF patients, how many countries whose economies have improved through following the directions of the IMF, or is it actually the IMF's suggestion that we continue to be in debt bondage.

Are you aware that many bank institutions wrap debts in good covers? What if a country can get debt it means that the country is trusted and has a good rating. Come on dude, debt isn't cool and it's not something to be proud of. Even China did 5.0 colonialism with debt, but many countries saw the OBOR cover as the hope of developing a country even though there was no free lunch.

Agree, it will be a challenge for a government to revive the economy, it will take years. Ending the lockdown won't revive it already. One good example is they need to create temporary jobs for those unemployed, do anything they can to avoid mass poverty for its people. People of a country can help too to boost their economy, they have to support their own goods, support local first. These are jsut examples on how a government or the citizens can help. There are a lot of projects that should be created for the future. I think almost all of the government are planning now, unless its an incompetent one.

The technological change can no help us to revive the economy. Instead, all it will do is hamper! If we want to recover the current situation, we do not want to being in anything new "technological". Doing this will instead cause more problems. We need new policies both monetary and fiscal. It is all in the governments hand to revive the economy.
Global debt going to help us resume our economy? Lol, do you even know what global debt is?

Actually it can be diversified in broader spectrum. State legislation can run independent of central / country legislation thus providing sound economy to the local areas. That is why they are always given local rules, state ruler and central ruler party. All of them will have to stick to their own boundaries and this way they can easily manage the transaction limited to their area.

Remember that economic condition as whole is country's situation but it doesnt mean every state will get hampered with it. Say for example if any state is not affected with the covid-19 right now then their businesses, jobs everything can run smoothly and in fact they can support affected area externally. So they actually flourish and become overpower.

why do you say the economy is now lousy. Well maybe now the economy is bad but because of a pandemic disaster. But if there is no pandemic disaster maybe the economy is not lousy what you say now. please understand because now the situation as experienced now, is very sad?

So someone will push a button, and we will start from zero? This is a joke, and OP was sarcastic with the song he shared:
"Inflation getting higher, makes it hard on the buyer,
Unemployment on the rise, gasoline engines filled with flies,
Rent being paid late, please...
Let the dollar circulate"
It's a good song, it's about reality we are living. In this world it's nothing new, world gets in financial problems from time to time, because economy system sucks. Even birds on the tree knows that! It's why we need changes, and this is where blockchain can helps us all!

Definitely in the near future will restart the global economy. That's right, I agree that countries have stopped developing simultaneously. Therefore, we will come out of the crisis together. Strong countries will begin the process of overcoming the crisis and pull up the weaker ones. Let's hope that this process will happen very soon. The growth of production, the restoration of individual industries will help us to develop further.

So you are talking about a certain system that is now broken and that is why the economy collapsed? Am I right? Yes it is a factor but still the current pandemic is still the main reason why the world economy enters recession. A new system can help the economy to recover but to change the current system is not an easy because for sure it will go to the congress and it will take a lot of time.

The world economy for sure will bounce back but it will take a long time. If you will observe the economy, there is now a transition of wealth and it is not a joke. We should observe and find opportunities that may come to us.

The quarantine showed that many governments cannot handle this kind of crisis, most of the health institution especially the hospital collapsed because of the patients that are continuing to rise because of the covid 19. Most of the entrepreneurs are suffering because they cannot operate due to the lockdown. The economy is reopening in most of the countries because it is important where many people will become jobless and homeless if they will not start working again.

The world economy will recover for sure but it will take a lot of time because most of the people are affected. Most of the countries are having a lot of debts due to the insufficient funds that they need in order to stop the increasing of the infected people.

I agree with you that technological change will play the biggest role in reviving the world economy. Technology is conducive to the development of a country's economy. The last century has seen some groundbreaking technological discoveries, such as power supplies for household use, telephones, automobiles, or aircraft.

In some cases it has taken years for this type of product to become available to everyone. However in addition to these the expansion of trade and the help of global debt will help the world economy to resume very soon.

I guess technology will take part in this new normal. Maybe there is a new technology which can help people to solve the problem that still happens around them, so that they can make their lives become simple. The business will transform with the current situations, and we will see a new thing that will happen to our life. The payment system maybe will also change, but we don't know yet what will happen later.

The best way to go about restarting the world once again would basically be finding out what caused the drop to begin with.
You might think that pandemic caused it but that is wrong, it is quite wrong, you know why? Because everyone lost money. How could everyone lose money? Where does that "lost" money go to? You do realize that we are all humans and we do not owe money to aliens right?

So, in order for some people to lose money, that means others must have earned it, yet when you look at the world collectively it was money lost by everyone. That shouldn't happen, that should be impossible, there is certain amount of money and it should either here or there but somewhere, it can't just evaporate and when you figure out how to stop that, you will be able to stop all this crisis as well.

Inevitably the government must open quarantine and let its people have normal activities in order to make money. But still
run a health protocol, then the government provides stimulus funding assistance to entrepreneurs. So the economy will run
again, people can get back to work and can make money.

Adapting in new normal will only start this year, technology is a good way  to address the problem in economy at this time, once we find ways to use it properly and in more advance way, businesses can use it in their advantage. It will be a challenging year but every country needs to adopt to keep their people alive. Life is the main priority as long as the economy can dwell in changes like easy payment method, delivery services, online services, digital studies and work and hygienic surroundings we can all survive this phase of Pandemic.