The Corona Crash in March 2020 significantly impacted the global economy, with many businesses forced to shut down and millions
Tag: Global Economy
The global economy refers to the interconnectedness of the world’s economies and the flow of goods, services, and capital, as well as the mobility of people between them. It encompasses the resource extraction, production, consumption, and exchange of goods and services on a global scale. The global economy is shaped by various factors, including politics, technological advancements, and cultural differences. It is a complex system that can positively and negatively impact individuals, businesses, and countries. Understanding the global economy is essential for firms and governments to make informed decisions and create policies that promote sustainable economic growth.
Social Distancing as a Health Risk Management Tool
Social 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.
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Economic Policy Adjustments in Germany and in the USA amid Coronavirus-Pandemic and Corona-Crisis
How 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.
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Synergy between Health and Economics: Oil-Price-Crash or Corona-Crash
Health 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?
