The Corona Crash in March 2020 significantly impacted the global economy, with many businesses forced to shut down and millions
Tag: Health Economics
Health economics is a branch of economics that studies the allocation of resources and how they affect the production and consumption of healthcare services. It is concerned with the production, distribution, and consumption of healthcare resources and the analysis of healthcare policies and systems. Health economics uses economic theories and methods to analyze and evaluate healthcare systems’ effectiveness, efficiency, and equity. It helps us understand how we can best use our limited resources to improve the health of individuals and populations.
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?
