Question

As COVID19 continues to spread in the United States and elsewhere, new restrictions on ordinary activities are important for preserving public health. However, enforcing rules on social distance makes many businesses untenable and many professions unworkable, reducing economic activity. Find a publicly available, online article from a major American news outlet describing a public policy made or being made in the United States to address the economic consequences of COVID19 infections and related restrictions on work and social activities. Describe the policy being adopted, and explain how it is intended to promote economic growth using the concepts from the posted political economy lectures. Include a link to the article you've found in your post."

Answer 1

Management dilemmas and falling trust

The coronavirus disease 2019 (COVID-19) is no exception. The disease - an epidemic that could become a global pandemic - emerged in a densely populated manufacturing and transport hub in central China and has since spread to 29 other countries and regions (as of 20 February 2020), carried along by Chinese New Year and international travel.

In contrast to the Western Africa Ebola emergency of 2013-2016 – more deadly but less contagious, arguably more isolated, and eventually contained in part by richer countries putting money into Africa – COVID-19 presents larger, more interdependent economies with management dilemmas. It has also surfaced at a time of eroding trust within and between countries – with national leadership under pressure from growing societal unrest and economic confrontations between major powers.

Effective governance of cross-border crises such as pandemics involves preparedness, response and recovery at local, national and international levels. Epidemic preparedness assessments show many countries, especially in regions where new pathogens might emerge, are not well equipped to detect, report and respond to outbreaks.

What’s the impact on business?

Where a stringent policy response is deemed necessary, business will inevitably be impacted, with both near-term effects and less-expected longer-run consequences.

Travel restrictions and quarantines affecting hundreds of millions of people have left Chinese factories short of labour and parts, disrupting just-in-time supply chains and triggering sales warnings across technology, automotive, consumer goods, pharmaceutical and other industries.

Commodity prices have declined in response to a fall in China’s consumption of raw materials, and producers are considering cutting output.

The mobility and work disruptions have led to marked declines in Chinese consumption, squeezing multinational companies in several sectors including aviation, education abroad, infrastructure, tourism, entertainment, hospitality, electronics, consumer and luxury goods.

sorry I can not provide you the link for the above source as it is against the answering Policy.