| Subject Code : | FIN200 | Country : | Australia |
|---|
ASSIGNMENT TASK:
TASK:
The impact and scale of Coronavirus (Covid19) in 2020 has been so large that it has plunged the world economy into the deepest slump since the Great Depression of the 1930s. As a consequence, global share and other financial markets, employment, health systems, GDP and the production and price of oil have all been hurt dramatically or put under great pressure. You are required to write a report stating your responses to the following questions.
(1) What lessons have we learned from the global management of the Covid19 pandemic that will enable us to minimize the economic, financial, social and lives losses in future if Covid19 or even a more devastating virus strikes Earth again?
(2) What cushion or measures could world leaders use to protect their economies and financial systems against the effects of a similar pandemic in the future?
(3) In your opinion, as a consequence of Covid19, are political and other influential views relating to the world economy, the global financial system and its operation likely to change, and if so, how?
Also, post Covid19, are changes in political attitudes and policies in relation to the environment, energy, resource and health care management likely to occur, and if so, describe these changes? (Length: 2000 words).
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