People all over the world seem quite to hear the news that the pandemic is gone and the world is coming back to normal. What they don’t realize is that even the process of world coming back to normal is going to take many years. The damage the virus has done to the world’s economy as well as human life is colossal in nature. It cannot be repaired in any way, however, countries can try to come back up financially as soon as possible. This, however, will not change the fate of some countries completely. There are certain things that some countries will have to bear in the coming times.
Israel Figa believes that the pandemic will change the course of progress and development for some countries permanently. While other countries will be coming back to normal when the pandemic is over, these countries will be dealing with something else. Perhaps, they might be starting from scratch. Here are some factors, according to Israel Figa, which will change the fate of some countries permanently.
Loss of Imports
Some countries rely heavily on imports. They don’t have the atmosphere and environment to grow vegetables, fresh produce, and other crops. They have to have trade deals with other countries to receive just about every food item that it used in the country. You can take the example of many Middle Eastern countries that are completely relying on imports to keep running. However, if the situation worsens with time and lockdowns come back strictly again, these countries will lose all their import deals. They will have to think about some other plan.
Switching to a different supplier will not be the solution because everyone is in the same boat right now. Every country is looking for ways to make the economy of their country better. You can’t really ask people toprovide you with the items you need at the expense of running out of that item in their own countries.
Loss of Connection
Some countries have been hit by the virus so badly that other countries will completely break their ties with it. You can take the example of India at this point, which is fast becoming the country with the highest number of cases being reported every single day. Israel Figa believes that India might come to a point where no other country is looking forward to getting in touch with it. Israel Figa believes that its government is to be blamed for the current situation because the government never paid attention to the virus outbreak and is now paying the price.
Some countries have already announced that they will not be taking and welcoming passengers from these countries, including India. This is a huge blow to one of the biggest countries of the world.
Loss of Tourism
Take a look at Dubai and how it makes money and you will realize that this place relies heavily on tourism. Dubai is all about tourism, and so are many other similar countries. These countries are going to take a huge hit due to the virus. Tourism is almost dead right now and people are not even willing to travel because they want to save money in addition to being safe from the virus. When these countries lose tourism, they are going to suffer big time. In other words, you can say that for some countries, the door from which they welcome the revenue within them will be closed.
It is true that when the need arises, nations can overcome even the biggest challenges and the unexpected can happen. That’s the case with some countries right now. They need something to happen to make a difference and save their people from catching the virus. If they don’t improve things right now, they might not even be able to survive the pandemic unless they get loans from other countries and hurt their economy like never before.