EKONOMSKA NEJEDNAKOST U VREME PANDEMIJE

Abstract

In this paper the author presents the overview of the impact of the Covid-19 pandemic on the global economic trends with the focus on the economic inequalities. The Covid-19 pandemic that has caused the global recession, has also brought to the surface the issue of global inequalities, particularly exposing the economic inequalities. The Kuznets curve, a scientific achievement in the field of economics, as originally formulated suggests that the level of inequality is low when an economy’s income is at low level, that is, the income inequality increases with economic development and then tends to decline when the country attains a higher income level. However, the sustainability of Kuznets curve is questioned today in the current circumstances of global information society struck by pandemic. Modern economic literature views the contemporary growth of inequality in wealthy countries, as well as in developing countries, through the prism of Kuznets cycles or waves. The growing trend in global inequalities may threaten the attained level of economic growth and scientific and technological progress.