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The Impact of the Crisis on the Socio-Economic System in a Post-Pandemic Society

Author

Listed:
  • Oleksandr Sylkin

    (Ukrainian Academy of Printing)

  • Yuliia Buhel

    (Ternopil National Economic University)

  • Natalia Dombrovska

    (Ternopil National Economic University)

  • Iryna Martusenko

    (Ternopil National Economic University)

  • Myroslava Karaim

    (Ukrainian Academy of Printing)

Abstract

The activity of any socio-economic system is associated with the instability of the external environment and the presence of negative factors influencing its functioning, which, in turn, can provoke the emergence of crisis phenomena, slows down the process of development of the organization and makes it less effective. The prerequisites for this may be factors that are formed not only in the external, but also in the internal environment. This issue is of particular relevance today, in the context of the existence of the consequences of the pandemic in the world. Many years of experience in the activity of socio-economic systems in a market environment shows that this problem remains relevant to them even now in today's postmodern world. Successful overcoming of crisis situations depends on the effectiveness of anti-crisis management and management of anti-crisis potential, the type of crisis. After all, each crisis situation, which is formed under the influence of specific factors, has a clear characteristic and belongs to a certain category. With this information, you can form a clear plan of management actions to effectively overcome the crisis in socio-economic systems. But in order to determine what types of crises affect the activities of socio-economic systems, it is first of all necessary to determine the types of crises in socio-economic systems. The article analyzes the main features of the functioning of today's socio-economic system and the impact of such post-pandemic consequences on it.

Suggested Citation

  • Oleksandr Sylkin & Yuliia Buhel & Natalia Dombrovska & Iryna Martusenko & Myroslava Karaim, 2021. "The Impact of the Crisis on the Socio-Economic System in a Post-Pandemic Society," Postmodern Openings, Editura Lumen, Department of Economics, vol. 12(1), pages 368-379, March.
    • Handle: RePEc:lum:rev3rl:v:12:y:2021:i:1:p:368-379
    DOI: https://doi.org/10.18662/po/12.1/266
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    References listed on IDEAS

    as
    1. Samuel Bentolila & Marcel Jansen & Gabriel Jiménez, 2018. "When Credit Dries Up: Job Losses in the Great Recession," Journal of the European Economic Association, European Economic Association, vol. 16(3), pages 650-695.
    2. Franklin Allen & Elena Carletti, 2010. "An Overview of the Crisis: Causes, Consequences, and Solutions-super-," International Review of Finance, International Review of Finance Ltd., vol. 10(s1), pages 1-26.
    3. S. E. Kovan, 2014. "Crises And Anti-Crisis Management In Social And Economic Systems," Strategic decisions and risk management, Real Economy Publishing House, issue 2.
    4. Samuel Bentolila & Marcel Jansen & Gabriel Jiménez, 2018. "Erratum: When Credit Dries Up: Job Losses in the Great Recession," Journal of the European Economic Association, European Economic Association, vol. 16(2), pages 560-560.
    5. Franklin Allen & Elena Carletti, 2010. "An Overview of the Crisis: Causes, Consequences, and Solutions," International Review of Finance, International Review of Finance Ltd., vol. 10(1), pages 1-26, March.
    6. Dirk Bezemer, 2011. "The Credit Crisis and Recession as a Paradigm Test," Journal of Economic Issues, Taylor & Francis Journals, vol. 45(1), pages 1-18.
    7. Jagannathan, Ravi & Kapoor, Mudit & Schaumburg, Ernst, 2013. "Causes of the great recession of 2007–2009: The financial crisis was the symptom not the disease!," Journal of Financial Intermediation, Elsevier, vol. 22(1), pages 4-29.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    socio-economic system; post-pandemic realities; postmodern society; crisis; anti-crisis potential;
    All these keywords.

    JEL classification:

    • A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate

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