Iikka Korhonen Comment on Comparing COVID-19 Control in the Asia-Pacific and North Atlantic Regions

IF 5.3 3区经济学 Q1 ECONOMICS

Asian Economic Papers Pub Date : 2021-01-01 DOI:10.1162/asep_a_00812

I. Korhonen

引用次数: 0

Abstract

Thus, the assumption in this paper of a “temporary closure” of the economy, followed by a recovery, may be inappropriate for the United States and other advanced economies. While middle-income consumer-goods-producing countries may return to their previously normal economic activities reasonably soon, even without large-scale public-sector “stimulus” packages, in the wealthiest countries large infusions of cash are required merely to keep the financial sector (and the landlords) from a meltdown over the inability of householders to pay their debts. But such measures will not succeed in reviving demand, neither for the advanced investment goods that must sell on world markets, nor for the amenities and frills that have come to dominate the employment prospects of ordinary workers. The West, therefore, is in for a rough ride.

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Iikka Korhonen关于亚太地区和北大西洋地区COVID-19控制比较的评论

因此，本文中关于经济“暂时关闭”，随后复苏的假设，可能不适合美国和其他发达经济体。虽然中等收入的消费品生产国可能很快就会恢复到以前正常的经济活动，即使没有大规模的公共部门“刺激”计划，但在最富裕的国家，大量的现金注入仅仅是为了防止金融部门(和房东)因家庭无力偿还债务而崩溃。但这些措施不会成功地恢复需求，无论是对必须在世界市场上销售的高级投资品的需求，还是对主导普通工人就业前景的便利和装饰的需求。因此，西方将面临一段艰难的旅程。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Asian Economic Papers ECONOMICS-

CiteScore

7.50

自引率

0.00%

发文量

期刊介绍： The journal Asian Economic Papers (AEP) is supported by several prominent institutions, including the Center for Sustainable Development at Columbia University in the United States. This shows that there is a strong emphasis on sustainable development within the journal's scope. Additionally, the Korea Institute for International Economic Policy in South Korea, the UN Sustainable Development Solutions Network (SDSN) in Malaysia, and the Economic Research Institute for ASEAN and East Asia in Indonesia also sponsor AEP. The articles published in AEP focus on conducting thorough and rigorous analyses of significant economic issues pertaining to specific Asian economies or the broader Asian region. The aim is to gain a deeper understanding of these issues and provide innovative solutions. By offering creative solutions to economic challenges, AEP contributes to the discourse and policymaking that impact the Asian economies and region as a whole.