PLEASE
WRITE IN
YOUR OWN
WORDS TO
ENN1512
AVOID
ASSIGNMENT 2
PLAGIARISM!!
, QUESTION 1 ANSWER
Apart from the direct human agony brought forth by the disease and the millions of lives
lost, the COVID-19 pandemic has also exposed some important weaknesses in our
economic and social structures. Although unevenly, global connectivity has contributed
to significant economic and social gains for many years, but it has also aided in the
pandemic's quick spread. In general, the severity and rapidity of the financial crisis have
demonstrated that a fundamental tenet of the global economy—putting short-term
efficiency and expansion ahead of long-term resilience—can have enormous negative
effects on society. The fragility of extensive and intricate global value chains has been
exposed, as numerous nations have difficulties in obtaining essential medical and
strategic supplies. The large yet uneven loss of employment has revealed and rapidly
exacerbated social inequality, potentially putting over 300 million jobs at danger (ILO,
2020[2]). The severity and scope of the current situation have elevated the importance
of readiness and resilience in the public mind, even if this is not the first economic crisis
to highlight these weaknesses.
1|Page
WRITE IN
YOUR OWN
WORDS TO
ENN1512
AVOID
ASSIGNMENT 2
PLAGIARISM!!
, QUESTION 1 ANSWER
Apart from the direct human agony brought forth by the disease and the millions of lives
lost, the COVID-19 pandemic has also exposed some important weaknesses in our
economic and social structures. Although unevenly, global connectivity has contributed
to significant economic and social gains for many years, but it has also aided in the
pandemic's quick spread. In general, the severity and rapidity of the financial crisis have
demonstrated that a fundamental tenet of the global economy—putting short-term
efficiency and expansion ahead of long-term resilience—can have enormous negative
effects on society. The fragility of extensive and intricate global value chains has been
exposed, as numerous nations have difficulties in obtaining essential medical and
strategic supplies. The large yet uneven loss of employment has revealed and rapidly
exacerbated social inequality, potentially putting over 300 million jobs at danger (ILO,
2020[2]). The severity and scope of the current situation have elevated the importance
of readiness and resilience in the public mind, even if this is not the first economic crisis
to highlight these weaknesses.
1|Page
