Theory Nexus

The ongoing COVID-19 pandemic has wreaked havoc on economies around the world. Governments are struggling to balance the need to protect public health with the need to restart economic activity. The coronavirus has exposed the vulnerabilities of global supply chains, risk management processes, and trade policies. It has also challenged our social and economic systems, leaving societies struggling to navigate their way through uncharted territory. In this article, we present an effective policy for navigating the ongoing pandemic crisis that takes into account both public health and economic recovery. It offers practical solutions that can help stakeholders strike a balance between protecting public health and kick-starting economic growth. 1. Public Health Infrastructure: The first step in reopening the economy is to ensure that the public health infrastructure is robust and ready to handle any new outbreak. This includes testing, contact tracing, and timely isolation of infected indiv...