Saturday, November 28, 2020
Home Opinions Road-map for government actions during and after the coronavirus pandemic

Road-map for government actions during and after the coronavirus pandemic

Also Read

“Leaders have three fundamental responsibilities: They craft a vision, they build alignment, and they champion execution.” Anonymous

With the rapid spread of coronavirus, governments across the world adopted social distancing and lock-downs. These measures brought all economic activity except those in essential goods/services to a grinding halt and pushed the world economies into recession. While the costs from this rut, as unpalatable as they are, are inevitable, this also provides an opportunity for the world leaders to reshape their economies while the economic activity is low. This article provides the activities that governments should be taking as they pass along the pandemic curve. 

Phase1: Measures to stay afloat – These measures include providing sustaining economic stimulus to the populations, and businesses so they stay afloat while the situation is taken care of. Other actions that can be taken here include securing capital by providing cushion to borrowers and financial institutions by way of loan, interest and EMI moratoriums.

Phase2: Assess resources and action plans – Perform modeling analysis on different ways in which economies may come out of the pandemic (Virus contained and subdued, treatments found for the virus, pandemic contained but resurges, pandemic prolongs for a longer-term), and the extent of damage done to different sectors and industries of the economy. Marshall required resources and develop a blueprint on how they would like to open up the economies.

“You never want a serious crisis to go to waste. And what I mean by that is an opportunity to do things that you think you could not do before.” – ― Rahm Emanuel

Phase3: Rethink goals and action plans – Subdued demand, broken supply chains, and reduced capital flow provide the right concoction of circumstances for governments to reassess risks, redirect supply chains, build manufacturing capabilities, and scale production gradually while demand picks up. In case any such action is desired to be taken, the governments also need to have short-term, medium-term and long-term rolling action plans by which they would like to kick start the economic activities.

“Execution is everything.” John Doerr

Phase4: Implement the action plans – Implement any economic stimulus and action plans systematically.  This is a long-drawn process and may go well beyond the end of the pandemic. Also, the plan needs to be calibrated carefully based on ground reports and insights gained while implementing the plans.

The current crisis provides once in a lifetime opportunity to world leaders, to recraft their economies as well as the global trade. Future generations will allot a place of honor in the annals of history to those who take advantage of this opportunity.

  Support Us  

OpIndia is not rich like the mainstream media. Even a small contribution by you will help us keep running. Consider making a voluntary payment.

Trending now

Latest News

Teachers assign essays with a 280 character limit

This a satire news article, which 'reports' that the government has added 280 character essays to the educational curriculum in an attempt to train students to use Twitter in the future. Note: I have chosen an image of a school from your media library and added the twitter logo on top of it.

हिन्दू विरोधी वैचारिक प्रपंच, शब्दों का भ्रम (भाग-१)

धर्म शब्द को जिस प्रकार अनुचित अनर्थकारी व्याख्या के साथ प्रचलित किया गया है। इससे अधिक विनाशकारी आघात हिन्दू समाज को संभवतः ही किसी और शब्द से हुआ हो।

26/11 : संघ और हिंदूओं को बदनाम करने के लिए कांग्रेस का सबसे घटिया प्रयास

Hinduism is a complex, inclusive, liberal, tolerant, open and multi-faceted socio-spiritual system of India called “Dharma”. Due to its innumerable divergences, Hinduism has no concept of ‘Apostasy’.

Hinduism: Why non-Hindus can’t comprehend

Hinduism is a complex, inclusive, liberal, tolerant, open and multi-faceted socio-spiritual system of India called “Dharma”. Due to its innumerable divergences, Hinduism has no concept of ‘Apostasy’.

आओ तेजस्विनी, प्रेम की बात करें

इसे लव जिहाद कहा जाये या कुछ और किन्तु सच यही है कि लड़कियों के धर्म परिवर्तन के लिए प्रेम का ढोंग किया जा रहा है और उसमें असफलता मिलने पर उनकी हत्या।

दाऊद लौटेगा भारत – कहा पैंसठ साल का और सीनियर सिटीजन होने के कारण पुलिस उसे नहीं पकड़ सकती

दाऊद को लगता है कि पैंसठ की उम्र और वरिष्ठ नागिरक बनने के बाद भारत के GO और लिबरल्स उसके लिए सरकार से लड़ेंगे और उसे जेल में एक दिन भी नहीं रहना पड़ेगा।

Recently Popular

गुप्त काल को स्वर्ण युग क्यों कहा जाता है

एक सफल शासन की नींव समुद्रगप्त ने अपने शासनकाल में ही रख दी थी इसीलिए गुप्त सम्राटों का शासन अत्यधिक सफल रहा। साम्राज्य की दृढ़ता शांति और नागरिकों की उन्नति इसके प्रमाण थे।

सामाजिक भेदभाव: कारण और निवारण

भारत में व्याप्त सामाजिक असामानता केवल एक वर्ग विशेष के साथ जिसे कि दलित कहा जाता है के साथ ही व्यापक रूप से प्रभावी है परंतु आर्थिक असमानता को केवल दलितों में ही व्याप्त नहीं माना जा सकता।

The story of Lord Jagannath and Krishna’s heart

But do we really know the significance of this temple and the story behind the incomplete idols of Lord Jagannath, Lord Balabhadra and Maa Shubhadra?

Pt Deen Dayal Upadhyaya and Integral Humanism

According to Upadhyaya, the primary concern in India must be to develop an indigenous economic model that puts the human being at centre stage.

Daredevil of Indian Army: Para SF Major Mohit Sharma’s who became Iftikaar Bhatt to kill terrorists

Such brave souls of Bharat Mata who knows every minute of their life may become the last minute.