- Cornona Virus has to be considered as world war III
- The earlier world wars was fought against various countries and caused huge loss of lives, properties, infrastructure etc but one could physically see the enemy there. Now we face a situation where the global world faces a huge crisis wherein the fight against an invisible and unknown virus and grappling with a situation with no immediate solution.
- The positive side of this is to take advantage of this and set up base for vibrant health care structure which in turn caters to employment growth and overall economic development,
- It is observed the aftermath of the world wars helped in bringing about many structural and organisational changes in the global economy by which all the loop holes causing these wars could be plugged and cater to a spurt in the overall economic growth around the world.
- Similarly this corona virus can be considered as world war III and all necessary operational and effective system could be put in place to achieve overall growth of economy.
History of pandemics and wars:
History has shown that pestilences and wars has a way of recurring in the world but surprises people and appears when not prepared. The Russian flu sparked two further global waves of illness in 1892 and 1893, resulting in an estimated one million deaths, though the true casualties from the pandemic were probably higher. By contrast the three-waves of Spanish flu occurred during a brief 11-month period between the summer of 1918 and the spring of 1919. The pandemic, which coincided with the First World War, was almost certainly fueled by the rapid passage of American soldiers to the front lines in northern Europe via Atlantic troop carriers. 2009 saw swine flu which was more severe one like the 1918 Spanish flu, which killed 50 million people worldwide. After each of these there has been a large scale growth in the health care sector with newer methods of deductions and programming.
World War I took the United States out of a recession into a 44-month economic boom. After the war, it became a lender, especially to Latin America. U.S. exports to Europe increased as those countries geared up for war.Another positive result of WWI was the disappearance of Monarchy as a form of authoritarian leadership. The form of government – representative democracies – that eventually came in place of monarchy was far better with a huge scope of refinement.The war made people more open to other ideologies. Labour laws started to be enforced due to mass production and mechanization and this changed the living standards of people. The League of Nations was founded after WW1 to promote security and peace worldwide. WW1 also boosted research and gave rise to wide range of newer technologies and also better transport and means of communication.With men at war it also gave an opportunity for women to take on previously men-only jobs. The war proved a significant factor in giving women the vote in 1919, and helped change social attitudes towards women for ever.
The decade following World War II is fondly remembered as a period of economic growth and cultural stability.The Second World War (WWII) was one of the major transformative events of the 20th century, with 39 million deaths in Europe alone. Large amounts of physical capital were destroyed through six years of ground battles and bombing. World War II was credited for bringing out America from severe economic depression. Huge private participation is setting newer industries and other allied activities led to development od high end technologies and created employment and growth.
When history is studied there is evidence to prove that countries that have gone through biggest wars are the ones with economic prosperity as the seeds of prosperity and growth were planted during times of war. Many of the countries that participated in the wars have shown remarkable progress in the aftermath in the long term as rebuilding and reconstruction takes time but it will happen with latest technologies and solutions.
Enhance Growth – Coronavirus pandemic:
Coronavirus has turned out to be one the biggest challenges worldwide after world wars. The new virus named as COVID-19 has mutated on a large scale and there is no medication so far. In today’s world it is observed that fuel wars, unprecedented migration waves, public health crises and an increasing dependency on international and intercontinental travel, epidemics are inevitable. COVID-19 outbreak makes crystal clear, no countriesare immune to these outbreaks.
The long-term positive impact of natural disasters could accelerate the reconstruction efforts which lead to higher investments and leave productivity effects on the economy in the long term. It has been debated and observed that these pandemics and wars have accelerated the speed up technological development and economic growth of economies by increasing the GDP, productivity and increase employment. Also there are indicators that these instances have brought many economies out of depression and contributed to accelerating development. This is because the direct government spending induces demand and spending of the consumers and this causes the multiplier effect by which there is a overall growth of industries and service sectors. Also the government spending on research and development during such times not only generates new employment but also results in advanced technologies, infrastructure and solutions.History is no stranger to global disease outbreaks but each of one of them has taught us something about how to manage their spread and also to invest in quality research to bring about a resolution to the problem.
Secured Governance as a Strategy for growth:
As per Secured Governance strategy, government need to support private bodies to set up Mini Healthcare HUB in each districts of India. As of 2019 there are a total of 732 districts, up from the 640 in the 2011 Census of India and the 593 recorded in the 2001 Census of India. The foreign and private healthcare organisations need to investing self – sustained Healthcare infrastructureswith all other supporting sectors.
Infrastructural development is one of the most important factors which influence in values and economic growth. Investment in healthcare HUBsare not only a desirable, but also an essential priority for most societies. However, our health systems face tough and complex challenges, in part derived from new pressures, such as outbreak of Coronavirus disease (COVID-19), ageing populations, growing prevalence of chronic illnesses, and intensive use of expensive yet vital health technologies.
Private party’s investments in Mini HUBs will account for huge additional revenue and job opportunity which could be used for development of infrastructure in and around them.In the localisation age, HUBs or growth centers are the drivers of economic growth.However, sustainable economic growth demands considerable investment in-infrastructure. It is an opportune time to consider the impact of Coronavirus and necessary of Healthcare HUB development in all districts of India.Just as economic growth, revenue, investment and employment are a function of the performance and quality of the Healthcare HUB,It is widely accepted though that sustained economic growth requires efficient and well-functioning infrastructure like hospitals, pharmaceutical companies, R & D centers for health etc. These Infrastructures-are key pillar supporting the fundamental aim of promoting improved standards of healthcare and local people lifestyle. A range of amenities, such as a choice of food, shops, a restaurant, IT facilities, telephone, etc. could generate more employment opportunities for local people.
To make this an effective and a profitable venture it is suggested that government should make a rules and regulations are followed and cater to the growth of economy as a whole through Healthcare HUB.