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 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.

Automated summary

The coronavirus pandemic has shown that prioritizing profit over people can be deadly, with government involvement playing a key role in mitigating the impact of disease outbreaks. Increasing the involvement of government authorities can help moderate the impact of such outbreaks.