The Coronavirus has caused the Corona-Pandemic disease COVID-19 ravaging human health around the globe. But are we at the edge? Will health scientists find solutions to this pandemic? How can the Coronavirus Pandemic contribute to innovation? Will medical researchers discover the healing vaccine to combat the coronavirus? Behavioral solutions have already been put in place to curb the spread of the virus. Social distancing is now a global model of behavior that should lead to lower infection rates, while society aims at finding a technological solution soon. The world needs quick-testing kits, vaccines, containment technologies, among other medical solutions to contain the disease. The implications of the pandemic are still salvaging through the economies. How can innovation change the social game?
Innovation Contest between Germany and The United States of America
This challenge is the global task for medical research centers, the medical technology firms, chemical industry. Other sectors of the economies will have their required measures. Two researchers at the John Hopkin University of Medicine in Baltimore, Maryland (USA) have developed a screening test that would allow the health system to test about 1,000 patients daily by early April 2020. It currently takes up to 24 hours to get the results, but the researchers aim to innovate the test to take a short as 3 hours to get the test outcomes. In Tuebingen, Germany, a firm, CureVac, “…[want to focus] on the development of mRNA-Based Coronavirus vaccine to protect people worldwide”. Media reports that the innovation contest to find medication against the Coronavirus has become a competition between Germany and the United States of America.
- Health and Economic Risk: Social Distancing as a Health Risk Management ToolSocial distancing measures propagated by health experts and belatedly by governments worldwide as a means of health risk minimizer, are yet to unfold their full impact on health risk management caused by the COVID-19. Nevertheless, social distancing poses a high risk to the economic and social life of affected communities globally. Fears of a global economic slowdown have dominated discussions amongst the public, experts of different disciplines, politicians, entrepreneurs, and others.
- Economic Policy Adjustments in Germany and in the USA amid Coronavirus-Pandemic and Corona-CrisisHow are Governments courageously dealing with the Coronavirus-Pandemic and the Corona-Crisis? Worldwide politicians are reacting very differently. Reactions to the pandemic have now become a war between optimism and pessimism. While some politicians realize how serious the current health crisis will be, others are busy procrastinating about an optimistic future. Early birds catch the worm and can navigate through the health crisis, taking leadership on flattening the pandemic spread of the Coronavirus.
- Health Economics and the Coronavirus: How do Pandemics contribute to Innovation?The Coronavirus has caused the Corona-Pandemic disease COVID-19 ravaging human health around the globe. But are we at the edge? Will health scientists find solutions to this pandemic? How can the Coronavirus Pandemic contribute toContinue reading “Health Economics and the Coronavirus: How do Pandemics contribute to Innovation?”
- Synergy between Health and Economics: Oil-Price-Crash or Corona-CrashHealth shocks can also cause economic shocks (ceteris-paribus). The coronavirus pandemic is one of the health shocks that might unravel another global economic shock. Why is that the case? Fact number one, health is a basic human need. Consequently, the satisfaction the health needs requires human decision-making in all economies. Decision-makers face the challenge of managing the synergies between health and economics amid a health shock. How is the Scenario?
- Corona-Crash 2020 and the impact on the global economyMonday 09.03.2020, will historically be remembered as the Global Corona Crash, a global health shock, that hit almost all economies worldwide. What will be the global macroeconomic and microeconomic impact of the Corona Pandemic? The financial markets reacted toContinue reading “Corona-Crash 2020 and the impact on the global economy”