Effects of Pandemic Outbreak on Economies: Evidence From Business History Context

The coronavirus pandemic has highlighted the capitalist dysfunction showing that considering profit over people can be deadly. The study reveals the LME economies were more responsive toward the impact of the disease outbreaks as compared to the CME economies wherein the impact of the disease was mo...

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Published inFrontiers in public health Vol. 9; p. 632043
Main Authors Shang, Yunfeng, Li, Haiwei, Zhang, Ren
Format Journal Article
LanguageEnglish
Published Switzerland Frontiers Media S.A 12.03.2021
Subjects
business history
CME economies
Commerce - economics
Commerce - statistics & numerical data
coronavirus
COVID-19 - economics
COVID-19 - epidemiology
Disease Outbreaks - economics
Disease Outbreaks - statistics & numerical data
Humans
LME economies
Models, Theoretical
pandemic outbreak
Pandemics - economics
Pandemics - statistics & numerical data
Public Health
SARS-CoV-2
coronavirus
business history
LME economies
pandemic outbreak
CME economies
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Summary:The coronavirus pandemic has highlighted the capitalist dysfunction showing that considering profit over people can be deadly. The study reveals the LME economies were more responsive toward the impact of the disease outbreaks as compared to the CME economies wherein the impact of the disease was moderated by the government involvement. This allows us to draw that the impact of the disease outbreaks can be moderated by increasing the involvement of the government authorities.
Bibliography:Edited by: Giray Gozgor, Istanbul Medeniyet University, Turkey
This article was submitted to Health Economics, a section of the journal Frontiers in Public Health
Reviewed by: Shuai Wu, University of Portsmouth, United Kingdom; Xueying Wang, Tianjin University of Commerce Boustead College, China; Jianchun Fang, Zhejiang University, China
ISSN:2296-2565
2296-2565
DOI:10.3389/fpubh.2021.632043