Anti-Crisis Programs to Stimulate the Economy in the Context of Destructive Globalization Processes

ABSTRACT

Purpose: The purpose of the study is to evaluate programs and measures of anti-crisis regulation. The viral factors of the crisis (COVID-19) will strengthen its economic consequences. The results and influencing factors of the current crisis will prove more difficult for the global economy and most of the national economies of the world. The consequences of the current crisis will be more devastating than after the global financial and economic crisis of 2008–2009, therefore, the process of eliminating these consequences will take some time. Design/methodology/approach: The article proposes methods and tools for developing the concept of anti-crisis socio-economic policy, which, firstly, would provide support to national companies, industries and citizens, and, secondly, would contribute to formation of a new business model aimed at the recovery growth of the economy. Findings: The paper identifies the main factors of the savings model of economic behavior of companies and households in conditions of uncertainty. A comparative characterization of new anti-crisis measures applied by governments of different countries with previous forms of harmonized global regulation of the economy was carried out. Originality/value It was concluded that the main influence on the growth of imbalances is the restriction of demand and the reduction of production of products that are used for subsequent stages of production. To reduce global risks, it is important not only to provide classic financial support to national businesses, but also to create and organize effective cooperation between the fiscal and monetary authorities of developed countries. © 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.