The seminar, moderated by Director of the Institute of Social Sciences Prof. Dr.  Figen Yıldırım, was held with Economist Prof. Dr. Kerem Alkin and Istanbul Commerce University Faculty Member Dr. Oğuz Demir attended as a speaker. At the opening of the program, Rector Prof. Dr. Yücel Oğurlu made a greeting speech and stated that digitalization accelerated during the epidemic period and stated that Turkey quickly adapted to the new normal.

In the first part of the seminar, Prof. Alkin said that the world was caught unprepared for the Kovid-19 epidemic and that a period was entered in which states intervened more in the economy and made the following assessments: “When World War II is left out, the biggest demand shock since the great depression of 1929 has been encountered. The 1929 Crisis lost around 15% of real income worldwide. This crisis emerged with the intervention of states in the economy, which is an extension of Keynesian policies. In the first period of the pandemic, it was predicted that there would be a supply shock originating from China and no action was taken against its global effects. However, with the spread of the epidemic on a global scale, the USA and Europe have become the center of the epidemic. National and international transportation has come to a standstill and economic activities have slowed down. Many businesses have been temporarily closed, according to the figures of the ILO, 2.7 billion employees are in quarantine and 1 billion 875 million students have switched to online education. While the crisis continues to affect the business world, it is predicted that there will be new developments in labor and employer law with the bankruptcy of companies.