How Can COVID-19 Change Geopolitics and Economy?

Abstract

The current COVID-19 pandemic may become one of the thresholds in the transformation of the world order as well as of many political, social and other relations within the World System. Together with the infection there has also started a recession which has been long anticipated. The two processes have created a synergetic effect with a very negative impact on economy and life. In the present paper the author makes predictions in what way the unfolding negative processes will affect economy in the short run and in the medium and long term, as well as how the balance of power in the world will shift and which great power will win and who will lose; and in what way will this affect the world order and many other aspects of life.