Question

Durning this part of class we looked at (1) creating a strategy, (2) mission, vision, values, and culture, (3) globalization, and (4) planning.

For this extra credit, reflect on the COVID-19 virus to date. In thinking about COVID-19 identify one topic (creating a strategy, globalization, or planning) and address the following questions:

1. How do you feel the United States has performed in the area (i.e., creating a strategy for COVID-19, addressing the global aspect of the virus, or planning for the virus)? In your response, find one news article that supports your argument. Please include a citation.

2. What could have been done to make the United States more effective at addressing this crisis? In your response, tie in one key concept from class.

Answer 1

The US has been great in fiscal stimulus of 484 billion dollars and US Fed unlimited bonds buying programmes worth 2 trillion dollars. However the cases has risen to 1 million approximately and states have been relaxed and thus caused havoc.

To avert this crisis, US must impose lockdown and gradually ooen economy using partial lockdown only after 2 mojths of complete lockdown. Major boost towards creating vaccination and healthcare for curing patients is required.

Negative impacts :

Coronavirus has had huge impact on economic growth due to lockdown and shutdowns and social welfare losses.

The economic growth remains subdued as Aggregate demand and consumption both fall simultaneously.

Investment is pumped out due to falling interest rate regime and lower economic outlook of companies.

Government spending is ramped up due to an expansionary fiscal policy by reducing taxes and spending. Also net exports go negative as imports surge due to supply shocks.

Negative growth in GDP causes high unemployment ajd lower inflation based on Philips curve movement.

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