The cycle of solutions and problems has its roots since the beginning of mankind. As every problem demands a solution, similarly, the given solution breeds new problems. But in one way or the other, the burgeoning population of this globalized world is considered one of the major issues. It seems that the future predicted by Thomas Robert Malthus in his theory famous ‘Malthusian theory of Population’ is faring. “With more population, comes more natural disasters, pandemics and calamities”, Malthus says. Then it goes without saying that coronavirus pandemic is the perfect outcome of this forecast. Many parts of the world are now effectively in a state of lockdown. Because the battle against the corona virus is entering into the next phase. There are many problems which countries and people alike are facing due to the corona virus crisis. Before addressing them, let’s see how the world is moving towards greater disparities.
A world towards deepening disparities
The ever-accentuating inequalities between the First World and the Third World are something we all know about. But amid coronavirus pandemic, this curse is more aggravating. While many people claim that this situation will be controlled, but who notices that how this crisis is impacting and will continuously be infecting the polarized economies and labor markets. The pandemic respects no boundaries, no culture, and no race. But one thing it compliments and that is self-quarantine- the rule of thumb to curtail the disease. Most likely, this rule is following by the people of the countries with abundant resources. but what about the rest of the world? the poor who cannot afford to follow this principle is more prone to this disease.
Economic Impacts
Financial markets are sending very distressing gestures by sending the world major economies in a tailspin. The restaurant industry has grounded to a pause and so have air travel, tourism, auto manufacturing, to name a few. The stock market is crashing to such an extent that it has almost halted global exchange with prices of the oils have plummeted. Deutsche Bank says that the world is plunging into a coronavirus fueled global recession in the first half of 2020. For example, China will face an economic downturn of 7 percent while the economy of the US will slump by 12.9 percent. Similarly, real estate in the UAE will also witness an economic crash. The price of the properties has already fallen by 11 percent which not only effects sale but also properties for rent in Dubai. Resultantly, worsening the purchasing inequality.
Political impacts
Within a few weeks, the world changed. The pandemic killed millions and left thousands of people jobless. Lockdowns followed by travel restrictions have wide-ranging impacts on politics. Once again, the pandora box is going to open since the free-market capitalism has come under scrutiny. Because the people are witnessing the success of China in tackling the disease while the defeat of America in combating the virus despite being a superpower. Thus, this political set-up is facing a fatal blow. For many, the solution is a corporate embrace of progressive political views, an approach that has come to be known as “woke” capitalism. However, others calling for socialism as a solution for the future.
Health Impacts
Health Care Systems that serve vulnerable communities are facing unique challenges as this infection is climbing. Since there is no specific treatment of this virus, the WHO has given some guidelines to the countries in order to curtail the disease. Symptoms of the deadly virus varieties from fever, to coughing and difficulty in breathing. A strong immune system with a healthy diet can enable the body to fight against this. Therefore, regardless of which country the people belong to, it is observed that people with weak immune systems have failed to survive against this disease. As it is contagious, a single person suffering from this disease could affect hundreds.
Educational Impacts
Educators and students are experiencing the extraordinary ripple effects of the novel COVID-19. Many schools have shut down amid the public health emergency. Around 22 countries have closed their schools while millions of students around the globe are facing upheaval. The United Nations has warned the incomparable scale and speed of the education disruption being caused by a coronavirus. Currently, school and university closures have interrupted some 421 million learners worldwide. Moreover, localized school closure has put the learning of 577 million students possibly at risk. As per the report of UNESCO the closure has left one in five students out of school globally.
Socio-Cultural Impacts
The pandemic has affected social life in multifaceted ways which include various social gatherings and cultural events.The pandemic has affected social life in multifaceted ways which include various social gatherings and cultural events.