Preparing For Pandemics: Lessons From The Global Financial Crisis And Covid-19

World Scientific Publishing Co Pte Ltd

Preparing For Pandemics: Lessons From The Global Financial Crisis And Covid-19Author(s): David Longworth, Frank Milne\nFormat: Hardback\nPublisher: World Scientific Publishing Co Pte Ltd, Singapore\nImprint: World Scientific Publishing Co Pte Ltd\nISBN-13: 9789811255922, 978-9811255922\nSynopsis\nIn far too many cases, recommendations of forensic reports on previous pandemics were ignored. Substantial weaknesses in the preparation by public health authorities and governments increased the health and economic costs of the COVID-19 pandemic relative to what they would have been if pre-existing recommendations had been followed and a wider set of plans had been put into place. We discuss parallels between the lack of preparation of financial system regulators prior to the global financial crisis and the lack of preparation by public health authorities and governments prior to COVID-19. These parallels relate to: required stocks (of capital or equipment), data collection and sharing, len.