The Post-COVID-19 Future: State Capability in Ensuring Shared Prosperity
DOI:
https://doi.org/10.22452/IJIE.vol14no1.2Keywords:
Social fault lines, Triangle dilemma of Musgrave, Societal crisis, State inefficiency, Epinomic policyAbstract
The coronavirus (COVID-19) pandemic has caused profound upheavals in national communities, from humanitarian disasters to unprecedented economic downturns. All the consequences of COVID-19 have made it necessary to understand the reasons for state inefficiency and its traditional functions of ensuring economic balance and financial stability in the period before COVID-19. In fact, inefficiency is a fundamental problem of modern socioeconomic systems. Only a violation of societal integrity can explain why economic isolation and social distancing managed to instantly destroy economic structures, cause a loss in confidence in governments by citizens and increase the potential for protest against the extraordinary actions of nation-states in the fight against COVID-19. At the end of 2020, there was universal agreement about a fundamentally uncertain post-COVID-19 reality. Many progressive specialists have expressed the opinion that the degree of future socioeconomic progress directly depends on the abilities of policymakers to prioritise societal integrity in solving economic problems and achieving the goal of shared prosperity in the future.
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