COVID-19: The Global Shutdown
2020
This teaching case focuses on the COVID-19 pandemic from a global perspective. In addition to describing the public health emergency, the case focuses on the enormous impact on global economics as world trade, tourism, capital flows, remittances, and commodity prices have all been affected by efforts to contain the virus.
Key questions posed in the abstract include, "What policy options existed to mitigate the financial and economic distress of containment, and what factors did different countries weigh in deciding which paths to choose? Was there a terrible choice - either damage livelihoods through extended lockdowns, or sacrifice thousands or even millions of lives to the virus - or were policies reinforcing? What was the role of government, businesses, communities and individuals? After the worst of the health crisis was mitigated, what kind of shape would world economies take?"
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Source:
Alfaro L, Jeong S. COVID-19: The Global Shutdown. Harvard Business School 2020. https://hbsp.harvard.edu/product/320108-PDF-ENG.