What Implications Does COVID-19 Have on Sustainable Economic Development in the Medium and Long Terms? 

Shiyi Chen

Author information


School of Economics and Fanhai International School of Finance, Fudan University, Shanghai 200433, China

E-mail: shiyichen@fudan.edu.cn


Abstract


Given the enormous impact that the COVID-19 pandemic had on Chinas economy, helping companies to revitalize post-pandemic economic activities promptly is a priority for the whole society. This necessitates the smooth circulation of production-factors among different economic entities, departments, and regions. The pandemics huge impact on the economy is evident in the severely hampered flow of these factors, including labor, materials, and capital. Therefore, using data and digital technology, combined with a contact-free allocation of labor, capital, and materials, to accelerate the flow of production-factors is critical to the post-pandemic economys restoration. Such a policy can not only provide a short-term stimulus but also a momentum for Chinas mid- and long-term sustainable economic development.


Keywords


COVID-19 outbreak, factors of production, data, sustainable development 


Cite this article


Shiyi Chen. What Implications Does COVID-19 Have on Sustainable Economic Development in the Medium and Long Terms?. Front. Econ. China, 2020, 15(3): 380‒395 https://doi.org/10.3868/s060-011-020-0017-8

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