The economic upheaval caused by the current pandemic will have long lasting effects on the economy. Whilst many of the changes in recent months may prove to be temporary, some are likely to become permanent features. The crisis has accelerated the demise of traditional retail stores; it has refocused attention on the Federal deficit; it has shown international supply chains to be vulnerable; it has emphasized the strength of high tech businesses; it has disrupted the traditional workplace; and it has brought the vulnerability of employee benefits back into the conversation. This talk will cover all these trends and more, and will take a look at what direction the economy will most likely take post-pandemic. Peter Radford is the publisher of The Radford Free Press, a blog on economics covering contemporary issues and the state of economic theory. More broadly, he is also a writer and consultant on economics and business theory. He is a co-founder and serves on the executive committee of the World Economics Association. Recorded and made available by GNAT-TV.
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