From UPSC perspective, the following things are important :
Prelims level : Not much
Mains level : Paper 3- Post-covid development model
The article discusses the themes of the post-covid world which will be somewhat more aware and mindful of the dangers of global dimension.
Collaborative model and public-private partnership
- A few weeks back, Prime Minister visited the private companies involved with the formulation of the anti-COVID vaccine.
- The PM’s visit was one more reminder of the critical importance of public-private partnerships.
- The PM signalled the government’s receptivity to external expert advice.
- The CEOs reaffirmed their commitment to partnering with the state to help address not just this medical crisis but also the many other social and humanitarian problems.
- The government has appreciated that the model for sustainable development in a post-COVID world must be a collaborative one.
- Businesses will repurpose their goals and look beyond profits.
Working together to deal with the crises of global dimensions
- COVID-19 was not the first, nor will it be the last crisis of global dimensions.
- The threat of global warming, for instance, hangs over our heads.
- Its impact is less immediate and for the present, at least less palpable.
- But it looms and its consequences are existential.
- COVID has offered, it is the tangible evidence that no one entity or group — the state, markets, businesses, entrepreneurs, scientists — can tackle existing and emergent economic and social problems on their own.
- They have to work together to resolve them.
- Businesses has been the uncertainty of operating in the post-COVID digital world.
- Every business leader has, in some form or other, expressed three types of uncertainties.
- 1) Is their business facing a hinge moment, necessitating the reimagining and re-engineering of their strategy and product portfolio?
- Or are they witnessing no more than another turn of the business cycle and that, once the vaccine is developed and distributed, the market will return to business as usual?
- Or will conditions necessitate a middle of the road approach: Stay the pre- COVID course but at the same time, speed up the pivot toward a new business model.
- Most business leaders are adopting this third hybrid path.
- The key to corporate success in a digital world in which a distinct incident could influence it, is the capability of leaders to think out of the box and to handle the unexpected.
- Financial, technological and human resources will be necessary, but they will not be sufficient.
Consider the question “The post-covid development model must be based on the cooperation underscored by the public-private partnership as the challenges that could emerge are not possible to be tackled by any on entitiy. Comment”
COVID has “obliterated the one remaining obstacle to a digital future — human attitudes”. Covid forced them to adopt and adapt. The challenge for our business leaders will be to navigate a pathway that sustains the benefits of these tools but without deepening the existing social and economic inequalities. Life is not digital for millions in our country.