The world has been suffering from the short-term devastating effects of the Corona Virus Pandemic, since December last year, when the first cases of Corona Virus were confirmed in China’s Wuhan Province. Most countries in the world imposed a series of lockdowns in a race against time to curb the spread of the virus, but contrary to the expectations, the cumulative world statistics on confirmed COVID-19 cases seem to be on the rise with each day that passes. Without an approved cure for the COVID-19 Virus, the probability of a continuous increase in the number of confirmed cases is highly positive. Meanwhile, the entire world is suffering from the short-term socio-economic effects of the pandemic, which seems to bear the roots of the long term new global order.
COVID-19 long-term effects
People considered as non-essential service providers in the fight against the Corona Virus Pandemic are likely to remain bound by travel restrictions to keep the number of increasing COVID-19 cases from skyrocketing. By proportion, these people nearly represent all walks of life. With this enormous population confined home and doing next to nothing over extended periods, the significant negative global economic impact will result. This will have an overall effect on the United Nations Sustainable Development Goal of ending poverty by 2030.
Prolonged travel and trade restrictions will stimulate a plethora of psychological effects on the social being of humanity, especially when there is a scarcity of food and other social needs. This will impact heavily on most developing countries, where the battle to feed the hungry and to provide basic social services was yet to be won prior to COVID-19 pandemic. Despite their poverty, COVID-19 is likely to remain under the sun, adding fuel to the flame. In addition, international and domestic travel and trade restrictions will continue to affect tourism and commerce leading to extensive loss of revenue and social life.
The unemployment rate is going to keep increasing due to businesses retrenching or closing beyond the capacity to reopen.
Labour market inequality is going to widen the gap between frontline health workers and those considered as the non-essential workforce. The high demand for health workers and their associated risk allowances are the major factors for the difference. In addition, Medical scientists will be required to burn the midnight oil until they find the needed cure for COVID-19 that works like a charm.
To say that scientists have fully discovered the effects of COVID-19 Virus on the health and wellbeing of humanity is still a site of controversy, as the time to establish the full result profile on the long-term effects is premature.
New world order
- Complete global change in social habits. Use of masks, hand sanitizers, soap with running water and keeping a social distance is going to continue as the new world requirement. Handshaking and hugs will be a thing of the past.
- The internet of things is going to serve as the major means to bridge the gaps created by COVID-19. E-commerce and working from home using digital platforms will be the new order of the day. Paperless substitutes will dominate the digital space, digital/ mobile currency such as cryptocurrency, online banking and online payments will form the new order of the day.
- Telepresence is going to substitute physical meetings, classroom attendance as well as social and public gatherings. It is going to be the new world order to use online means of communication as people avoid the risk of contracting the Corona Virus. Platforms such as Zoom will dominate the space and websites such as rcieen.com will largely disseminate information, academic education and family entertainment.
In a nutshell, COVID-19 is going to introduce unforeseen long-term social and economic changes which call for an adaptation of humankind for survival.