ABSTRACT
COVID-19 pandemic is just not a disaster; it taught many lessons to the people to think about social and economic norms of modern civilization, the pros and cons of globalization, and the importance of developing as a whole (population within the country and globally as well). Lessons of equality and equity, and usefulness of sending a rocket to the moon before fulfilling basic requirements of the people. Most scholars are in the opinion that the post-pandemic era will not be the continuation of the pre-pandemic era. They would like to name the situation “extraordinary” and post-pandemic era as a “new normal world.” The new normal world composes two episodes. (1) The period until the herd immunity will develop naturally or by a vaccine. This would prolong at least 18 to 24 months or maybe more than that. The determining factor of everything is social distancing. (2) The period after the herd immunity develops. When the social distancing restrictions are lifted, the world will not go back to the pre-2020 era theoretically. The implications adapted to the system to combat the Corona pandemic, proven advantageous and economically cost effective, will be continued, like work from home, online deals, communication, some leisure activities, gig economic activities, status after dismembered from disadvantageous bilateral and international agreements, and the continuation of import substitute productions (if they have won a piece of market and stability due to non-competition during the pandemic season). The disadvantageous adaptations will be given up and reverted to 2019. Indeed, the real new normal world is going to be the interaction between society and the economically cost-effective adaptations that enterprises and governments disagreeing to abandon through the unemployment, low earners, and the gap between richness and poverty rise. If it is, the question that the developing nations face is, is she going to belong to the new normal world or remain in the old world? We are trying to explain the scenario faced by developing countries taking Sri Lanka as an example.
