Purpose
: The purpose of the study is to identify the impact of the fight against the viral threat as a new direction of economic security on the sustainability of economic systems, as well as to determine the prospects for the sustainable development of the economy depending on the level of health care as a key factor in the completion of the pandemic.
Design/Methodology/Approach
: The correlation analysis method determines the differences in morbidity and mortality from COVID-19 in the countries of the designated categories. The regression method determines the dependence of indicators of sustainable development on the level of development of health care. A forecast of health level change is made based on arithmetic mean and standard deviation. According to the forecast, possible health level values under different scenarios and consequences for sustainable development are determined.
Findings
: It has been proven that in the context of the 2020 pandemic, health care has received a new role related to the fight against the viral threat. Countries that have mobilized their health systems and stepped up the fight against the viral threat through the development of a vaccine show lower morbidity and mortality from COVID-19 compared to countries with developed health systems, but focused on a stable epidemiological situation.
Originality/Value
: It is justified that the best (optimistic) scenario for combating the viral threat in 2020 allows not only to maximize the development of health care (by 14.67%), but also provides benefits for sustainable development (an average increase in all indicators by 4.80%): an increase in competitiveness by 5.74%, GDP per capita by 30.55% and a sustainable development index by 5.53%. This opens up expanded opportunities for economic security in a new aspect related to health care as a fight against the viral threat.
Purpose:
The goal of the work is to find opportunities and prospects for a successful exit of the global economy from the 2020 crisis, which avoids the collapse of the social market economy and embarks on the path to a new model of sustainable development.
Design/Methodology/Approach
: The work uses a set of general scientific methods within the framework of the system approach, including methods of induction, deduction, analysis and synthesis, modeling of socio-economic systems, as well as graphic representation of research materials.
Findings
: The change in the model of sustainable development under the influence of the crisis of 2020 is justified. A new - pyramidal model of sustainable development, emerging under the influence of the crisis of 2020, has been developed, in which the directions of sustainable development are more integrated.
Originality/Value
: It has been proved that the 2020 crisis is not necessarily led to the collapse of a social market economy - a fairly likely scenario is associated with setting humanity on the way to a new model of sustainable development. Its most important features will be, firstly, increasing the importance, prioritizing social and environmental goals and becoming their foundation for the realization of economic goals. Secondly, the recognition of the «failure of the market» with sustainable development and the assumption by the state of a key role in their implementation instead of creating «rules of the game».
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