April 14, 2021

Pandonomics

Pandemic Economics

Key take-aways from the final chapter:

• Pandemic preparedness starts at home.
• Firms cannot rely on bailouts and need to adjust their business
strategies to pandemic risk.
• Financial pandemic preparedness can help with other disasters
and vice versa.
• Cost-efficient adjustment and investments in preparedness
require a sustained long-term approach.
• City planning and (re)construction should be focussed on
resilience and based on citizen and community engagement.
• The organization of the access to health care facilities during
pandemics is a local task; national governments need to set
uniform standards and rules that govern access to health care.
• Governments should use the adjustment potential of the economy
and focus support on sectors that need to and can grow.
• Outbreak management teams and scientific councils that advise
governments on pandemic response need a stronger basis in all
relevant sciences.
• The nation state is only the optimal health care area in very
special cases.
• International organizations should make the assessment of
pandemic preparedness a standard element of country studies,
monitoring and surveillance.
• Pandemics have not yet received the explicit attention they need
in the Sustainable Development Goals (SDGs).
• Strengthening global governance is an elementary step in proactive
pandemic preparedness.