GLOBAL CHALLENGES ON THE WELFARE STATES; THE COVID-19 CRISIS

Welfare states are tools dealing with risk-sharing, not only involving everyday risks but also risks related to major global events. Nowadays the global economy is experiencing one of the biggest crises – the Covid-19 crisis. While affecting millions of lives, the pandemic could change attitudes associated with economic, political, and social points of view. The welfare state and its efficiency have been brought to the table with this major historical event. The economic impacts of the Covid-19 crisis and how the approaches toward welfare states were changed will be analyzed in this paper