Seatwork in Great Books 1
Seatwork in Great Books 1
virus. The virus can spread from an infected person’s mouth or nose in small liquid particles
when they cough, sneeze, speak, sing or breathe. These particles range from larger respiratory
coughing into a flexed elbow, and to stay home and self-isolate until you recover if you feel
unwell. These disease pandemic has spread with alarming speed, infecting millions and bringing
the spread of the virus. As health and human suffering increase, economic damage is already
apparent and it is simultaneously disrupting the supply and demand of the interconnected world
economy like a no other global shock. On the supply side, infectious diseases are reducing labor
supply and productivity, while blockages, business closures and social distances are also causing
supply disruptions. On the demand side, household consumption and corporate investment are
declining due to layoffs, income losses, and worsening economic outlook. The intense
uncertainty about the path, duration, magnitude, and effect of the pandemic ought to pose a
vicious cycle of dampening commercial enterprise and consumer self-belief and tightening
economic conditions, that can cause task losses and investment. In June 2020 Global Economic
Prospects describes both the instant and near-time period outlook for the effect of the pandemic
and the long-time period harm it has dealt to possibilities for growth. The baseline forecast
envisions a 5.2 percentage contraction in international GDP in 2020, the use of marketplace
exchange weights—the deepest global recession in decades, no matter the great efforts of
governments to counter the downturn with economic and financial coverage support.
In a research paper (Bickley, S.J. et al. 2021), they analyzed data on international travel
applied time-to-event analysis to examine the relationship between globalization and the timing
of travel restrictions implementation. Thus, the result of the research they conducted suggest that,
in general, more globalized countries, accounting for the country-specific timing of the virus
outbreak and other factors, are more likely to adopt international travel restrictions policies.
However, countries with high government effectiveness and globalization were more cautious in
implementing travel restrictions, particularly if through formal political and trade policy
integration. This finding is supported by a placebo analysis of domestic NPIs, where such a
relationship is absent. Additionally, we find that globalized countries with high state capacity are
more likely to have higher numbers of confirmed cases by the time a first restriction policy
Concluded, the findings spotlight the dynamic courting among globalization and
protectionism whilst governments respond to significant global events such as a public health
crisis. It endorses that the found warning of coverage implementation via way of means of
nations with high government efficiency and globalization is a derivative of dedication to current
alternate agreements, a more preference to `study from others` and additionally possibly of
`confidence` in a government’s ability to cope with a virus thru its fitness gadget and country
capacity.
In relation to the topic “Art of War’ by Sun Tzu, the different principles in the text apply
during this time of pandemic. First, know the facts, it is important that we educate ourselves.
This means going beyond just watching the TV news, we should choose the information sources
that we trust to educate ourselves and read into the subject. It relates to Sun Tzu’s “If you know
the enemy and know yourself, you need not fear the result of a hundred battles. If you know
yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know
neither the enemy nor yourself, you will succumb in every battle.” Second, leaders should be
decisive, because decisiveness is the ability to make clear-cut and timely decisions with the
appropriate information. During a crisis, decisiveness is key for the effective execution of plans
companies should ensure that they have clear business protocols or guiding principles in place
and fine tune them as necessary. Work-from-home is only the first step. This third application
relates to Sun Tzu’s “Treat your men as you would your own beloved sons. And they will follow
you into the deepest valley.” Fourth, flexibility and adaptability, there must be a sense of
recognition that things are changing rapidly. Today’s realities are quite different so be flexible
and be willing to make difficult choices. Read up on the macroeconomic implications for
different business/industry/sector, so that they can make better decisions. And this relates to Sun
Tzu’s “Just as water adapts itself to the conformation of the ground, so in war one must be
Lastly, think longer term, sketch out plans that are as detailed as possible for the longer-
term (at least through to the end of the third Quarter). Recognize that much will change, but at
the same time be extremely focused on your game-plan. Things are changing at an incredible
rate. Put together a tactical set of steps for this new way of working. Think strategically, conduct
(and re-conduct) scenario planning—Plans B, C, and D, think about what can be stopped
completely for now, what can we do more of and what can be brought forward or pushed out—
and be willing to adapt quickly. And this last application relates to Sun Tzu’s “Strategy without
tactics is the slowest route to victory. Tactics without strategy is the noise before defeat. ...”.
References:
Bickley, S. J. et al. (2021, May 20). How does globalization affect COVID-19 responses? -
https://globalizationandhealth.biomedcentral.com/articles/10.1186/s12992-021-00677-
5#citeas
covid-19-multi-country-analysis
topics/coronavirus#tab=tab_1
World Bank Group. (2020, June 8). The Global Economic Outlook During the COVID-19
https://www.worldbank.org/en/news/feature/2020/06/08/the-global-economic-outlook-
during-the-covid-19-pandemic-a-changed-world