This website uses cookies to ensure you have the best experience. Learn more

Ebola's Effects On The Economy Essay

1304 words - 6 pages

Ebola’s Effects on the Economy
The Ebola virus is a deadly, contagious disease that spreads via contact with bodily fluids of someone who is infected and exhibiting symptoms. Since it’s introduction in 1976, the virus has resurfaced 14 times, the most recent being the outbreak in the West African countries. (Legrand et al., 2007) While the effects on the health of the general public are the most prevalent in society, Ebola also has several economic impacts: public paranoia, implementation of new public policy, and decreases population.
Once Ebola spreads to a country, the general mentality of the public becomes paranoid that they are susceptible to the disease wherever they go. This fear ...view middle of the document...

This increase in demand leads to an upward pressure of the price. An upward pressure on the prices of food will cause a certain a number of people to be unable to afford food, which can lead to more deaths due to malnutrition.
As public conditions begin to deteriorate and the widespread fear Ebola engulfs the majority of the population, the government must step in to mitigate the effects of Ebola and preempt the disease from spreading any further. The government can quarantine its country to prevent any transmission of Ebola via trade, and it can spend money on its healthcare infrastructure to combat the disease.
Quarantine essentially locks all borders and prevents the country from importing or exporting any goods. The country’s PPF is now significantly smaller because it cannot specialize in goods it has comparative advantage in and trade with other countries to increase the total amount of products available. Because the country cannot export any goods, suppliers/manufacturers start laying off laborers because the demand is significantly less than it was before and they don’t need as much products now. The country’s gross domestic product also decreases as the export does. The lack of imports gives way to a shortage in food supply, which leads to an increase in the price of food. To further exacerbate the food shortage, some government policies prevent farmers from mobilizing to a new location, for fear of infection, in order to cultivate more of their crops.
In order to mitigate the effects of manipulating trade restrictions on certain countries, a joint commission including the World Health Organization and the World Trade Organization was proposed. Its responsibilities would include assessing, coordinating, and resolving conflicts wherever “global public health emergency measures…conflict with economic interests.”(Mackey & Liang, 2011) This would allow for decisions to be made in the best interests of both the economy and public health.
In conjunction with quarantine, the government spends money to control the disease and treat those who are infected. The costs of controlling an outbreak include “laboratory support and epidemiologic aid, administrative and clerical activities, and information and communication services,” and costs of treatments consist of “hospital and physician charges as well as drug use…” (Schwab, 1966) This often leads to a fiscal deficit because the government is spending more money on healthcare and earning less money from tax revenues due to the decrease in output from paranoid laborers or deceased ones.
The final effect of Ebola on an economy is a direct result of the sickness and death induced by the disease itself. Some might argue that the reduced workforce created as a result of the deaths of laborers can lead to an increase in wages paid to current laborers and an increased standard of living. After all, a decrease in supply gives way to a lower quantity demanded. This was the case after the 1918...

Other Papers Like Ebola's Effects On The Economy

Effects Of Videogame Addiction On The Body And Mind

2123 words - 9 pages Effects of Video Game Addiction on the Body and Mind Ryan Wootton 7th Hour Psychology 10-22-12 Abstract For most young people, playing games on a computer, video game console, or handheld device is just a regular part of the day. Most are able to juggle the multiple demands of school, sports, work or chores, and family life. Gaming becomes an addiction when it starts to interfere with a person's relationships or their pursuit of other goals

-Explain The Potential Effects Of Five Different Life Factors, On The Development Of An Individual-

1564 words - 7 pages P2: Explain the potential effects of five different life factors, on the development of an individual. These are the five life factors on the development of an individual Genetic Biological Environmental Socioeconomic Lifestyle 1: Genetic – Psoriasis. My mother inherited Psoriasis from her mother. What is Psoriasis? Psoriasis is a common skin problem affecting about 2% of the population. It occurs equally in men and women

The Effects Of Binge Drinking On The Restaurant Industry : A Qualitative Study On College Students Behavior While Intoxicated

1456 words - 6 pages Simrat Dhaliwal English 202A March 20, 2013 The Effects of Binge Drinking on the Restaurant Industry : A Qualitative Study on College Students Behavior while Intoxicated Introduction The act of binge drinking in college has been around for many years. It is also a widespread social norm around the world, college students all over the world engage in binge drinking. Numerous research studies and programs that relate to the danger of alcohol

Effects Of Climate Change On The Economic Development Of Viet Nam

8925 words - 36 pages EFFECTS OF CLIMATE CHANGE ON THE ECONOMIC DEVELOPMENT OF VIET NAM Literature Review 3 I. General 3 1. Geographical location & Vietnam’s climate 3 a. Geographical location 3 b. Climate 3 2. Effects of geographical & climate on Vietnam’s economy: 6 a. Effects of geographical location to Vietnam’s economy: 6 II. Definition, causes and actual situation of Viet Nam under climate change 7 1. Definition of climate change 8 2. Causes of

Child Abuse And Its Effects On The Child’S Ability To Form Attachments

3325 words - 14 pages Child Abuse and Its Effects on the Child’s Ability to Form Attachments The moment that a child is conceived begins a lifelong journey of attachment. Studies have shown that embryos begin bonding in the womb when they feel movement, hear voices, and through the stimulation of smell and taste. This attachment with a caregiver grows even stronger when the child is born and as they move into childhood develops further into other relationships. The

The Effects Of Watching Tv Cartoon Program On The Behavior Of Grade One Pupils In Brion-Silva Elementary School

7648 words - 31 pages barangay. It is also where the researcher conduct her research since the parents of the barangay has CHAPTER II Review of Related Literature Hassan & Daniyal (2013) studied after watching cartoons examined the effects on children's behavior. Cartoon is one of the most favorite cartoon network channel for children. As most of the free time to spend in front of the children so cartoon network

The Effects Of Technology On Accounting Professionals

490 words - 2 pages . The online processes and tools would be high in technology and quality so that the experts can have uninterrupted web interaction with its customers. The Lynn’s Clean & Press webservices staff would be technically proficient in taking web base orders and well versed in the laundry services a family would needs Lynn’s Clean & Press will have to be diligent in keeping the operationg cost down as the economy might shift causing

Analysis Of Operation Blue Star And Its Effects On The Gandhi Dynasty

934 words - 4 pages Indihar’s actions affected the Gandhi dynasty? On June 3, 1984 Indihar Gandhi gave the executive decision to invoke Operation Blue Star, a military attack on the golden temple in Amritsar, Punjab. The Golden Tempe is considered one of the most sacred and religious places in the world, in what Indihar Gandhi taught was a necessity following a chain of events. Sikhs, involved in the Khalistan movement wanted Punjab to be an independent state

Business And Politisc

273 words - 2 pages a discussion as to the surrounding outcomes that the prohibition of CSG operations would have on the Australian industry if this proposition were to be approved. This is mentioned through several key areas, which are: the economic and environmental value of CSG to the Australian economy, the effects of a proposed policy ban on the industry as well as the effects of such a ban on surrounding companies. An alternative policy will be put forth to

Venezuela Sues To Shutter U.S.-Based Black-Market Currency News Site

289 words - 2 pages effects of the websites publication can destroy their economy. They also believe that the people behind the publication are writing for political or financial agendas. “It wreaks economic havoc on the central bank and the citizens of Venezuela,” the lawsuit says “and it creates the false impression that the central bank and the republic are incapable of managing Venezuela’s economy.” Currently, one US dollar is costing Venezuelans about 130 times


258 words - 2 pages will be felt for many years to come. * Due to the increasing integration of economies , problems in one country could have spill over effects on the global economy. * Globalization indicates the health of a country 4th Slide: * Criteria for measuring globalization : * Political engagement: Foreign aid , treaties , organizations and peacekeeping . * Personal contact : Number of internet users , hosts , and secure servers . * Economic integration : International trade and foreign direct investment *

Related Essays

An Analysis Of The Effects Of The Big Four Super Markets On The Local Producers, Retailers, Community And Economy Of The U.K

2832 words - 12 pages An Analysis of the Effects of the Big Four Super Markets on the Local Producers, Retailers, Community and Economy of the U.K Introduction to the ‘Big Four’: Grocery shopping in the United Kingdom is dominated by four companies that have opened up retail outlets there. All of these companies are British. They all have a huge market share and have thus earned the title of ‘The Big Four.’ Following is a small introduction of each of the four

On The Effects Of Globalization Essay

382 words - 2 pages joined the workforce, expansion of higher education, fewer babies. 1990 Less and less newborns, very small compared to middle aged and old. Moving forward with projection, it's extremely top heavily. Welfare is projected to be one working person for every person on welfare. Rapidly aging population, although China's is aging faster. China will have 300 million people over 60. Aging population coupled with shrinking economy. Less

The Effects On Calorie On Aging

1876 words - 8 pages The Effects of Calorie Restriction on Aging by christiano Introduction For ages, humans have been searching for ways to counteract the aging process. The legendary fountain of youth generated much attention in the past, and more recently, thousands of dollars have been spent each year on creams, pills, plastic surgery, and various forms of therapy designed to make one look and feel younger. So far nothing has been proven to reverse or even

The Effects Of Media On Body Image

2449 words - 10 pages Jennifer Archuleta Professor Musgrave English 205 December 13, 2011 The Effects of Media on Body Image Imagine growing up in a modern day society. Everywhere you look there are images of beauty, representations of how beautiful people are supposed to look; flawless and thin. You grow up believing that this unattainable image is the only image of beauty. As you look in the mirror and see only flaws in your reflection, you rack your brain of