Question

In: Economics

3. It has been said that Southeast Asian countries like China, Singapore, and Taiwan, have been...

3. It has been said that Southeast Asian countries like China, Singapore, and Taiwan, have been better able to address the COVID-19 pandemic than other countries because of their experience with SARS. Does this make sense if humans behaved like homo economicus? What biases have we studied that might explain why that experience may actually have helped those countries address COVID-19?

Solutions

Expert Solution

  1. At the beginning of the epidemic China , Singapore and Taiwan strictly monitored the once who had contacted with the disease and  restricted travel
  2. Taiwan merged citizens’ recent international travel history with their digital health-insurance files and let doctors and pharmacists access it all, while
  3. The nations levied heavy fines for quarantine violators
  4. Reports suggest that yes SARS did prepare the above nations for the epidemic but the steps taken can be taken by any of the western countries too
  5. One of the SARS after-effects was the setting up of  national health command centre in Taiwan and Singapore's national centre for infectious disease as SARS had infected over 8,000 and killed 774
  6. The above-mentioned countries, unlike the west, started screening passengers from Wuhan on January 3 and tests were rapidly increased to 2,200 a day.What some counties have done today was something they did in the beginning such as listing  124 action items.
  7. The major concern with the lockout around the world has been the unemployment especially among the daily wagers but the governments in these countries like Taiwan and Singapore have offered  self-employed people $100 Singapore dollars ($73) per day.

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