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What is North-South Gap

Handbook of Research on Emerging Business Models and the New World Economic Order
It is the difference in growth, wealth, and employment between the first and the third worlds.
Published in Chapter:
How Have Governments and the Entrepreneurial Sector Reacted to the First COVID-19 Lockdown?
Alicia Coduras (Institut Opinòmetre, Spain & GEM Global, UK), Jose Manuel Saiz-Alvarez (Catholic University of Avila, Spain & Catholic University of Santiago de Guayaquil, Ecuador), and Muhammad Azam Roomi (Mohammed bin Salman College of Business and Entrepreneurship, Saudi Arabia)
DOI: 10.4018/978-1-7998-7689-2.ch002
Abstract
At the end of 2019, the pandemic caused by COVID-19 and its different mutations is forcing the world to face a significant economic crisis that will change the business world. To cope with this socio-economic problem, a digitation process has been accelerated in the labor market, and a more vital public-private collaboration has been put into action to solve this situation. Despite these efforts, the world is facing a broader North-South gap, and a new business world has been created for the new generations to come. This chapter aims to analyze how the first lockdown caused by COVID-19 has influenced this changing process. The authors conclude that this lockdown has accelerated both the digitation process and the work-life balance. Also, more efforts are needed to fight the psychiatric problems associated with the lockdown.
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