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International Journal of Economics & Management Sciences

Economics Lessons from EBOLA Outbreak

Vijay J Ahir*
Adani Institute of Infrastructure Management, Shantigram Township, Ahmedabad, Gujarat 382421, India
Abstract :

A trend called globalization, which started at the early onset of this century, has increased interdependency among international nations. This interdependency has both negative as well as positive effects. An increased air travel network has contributed significantly in global trade. Public goods such as Internet, Financial stability, commercial integration or knowledge promotion has created a new category, which is known as International public goods. Global interdependence has generated few negative effects as well. Increased international mobility has increased the risk of contagion in case of deadly diseases. We have witnessed many International Public Bad, which is symmetry to public goods, such as spread of H1N1, Influenza, in the past. A recent outbreak of EBOLA in SubSaharan Africa is a latest public bad, giving nightmares to global arena. 

Keywords :
EBOLA; Economics; Externalities; Private goods; Public bad; Public goods

Date Deposited : 03 May 2016 21:27

Last Modified : 03 May 2016 21:27

Official URL: http://www.omicsonline.com/

Volume 4, Number 6, June 2015 , ISSN 2162-6359

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