Covid-19 and Global Trade Continued
Claudewell S. Thomas, MD, MPH, DLFAPA, is an established psychiatrist who is currently retired ,, He received his medical degree in 1956 at SUNY Downstate College of Medicine and specializes in social psychiatry, public health psychiatry, and forensic psychiatry. Dr. Thomas was board certified by the American Board of Psychiatry... more
The February 19th business beat section of the LA Times featured a Bloomberg news article on Global trade. The article stated that international commerce movement involving Chinese goods or intermediation, already slowed by tariffs according to the World Trade Organization (WTO) have been further slowed by the Wuhan originating, coronavirus pandemic. The article states "The Geneva body's latest Goods Trade Barometer stood at 95.5 compared with a level of 96.6 in November."
The world of macroeconomics has been altered by jet transportation, digital communication, and trade pact formation. Tariffs and their consequences are no longer Mano a Mano contests between nations but involve interlocking monetary and trade systems. It suggests that if economics is the dismal science, macroeconomics is the macro dismal science. The evolving scenario of world health is one of the confluence of several infectious disorders striking simultaneously or in close relationship to one another and being buoyed by poverty, hunger, malnutrition, addiction, ignorance, and lack of world cooperation. Macroeconomics with all of its new measurements has reason to be macro dismal.
