IDEAS home Printed from https://ideas.repec.org/a/ejn/ejbmjr/v10y2022i4p204-211.html
   My bibliography  Save this article

Public-Private Partnerships: Policy Prescription during the Era of Pandemics

Author

Listed:
  • Abe Harraf

    (University of Northern Colorado, USA)

  • Jay M. Lightfoot

    (University of Northern Colorado, USA)

  • Adam Cole

    (University of Northern Colorado, USA)

Abstract

The COVID-19 pandemic caused disruptions in global supply chains that have resulted in prolonged shortages and financial hardships for many corporations. While organizations have dealt with supply chain interruptions for natural disasters and stock market crashes before, the COVID-19 pandemic presented a larger and unique challenge, and it required the need for resiliency in supply chains. This paper discusses several alternatives that can mitigate potential supply chain disruptions. Despite the natural inclination to protect domestic companies and industries, this paper cautions against the use of protectionism policies to prevent supply chain disruptions, as protectionism is proven to be damaging to innovation and eliminates the positive aspects of international trade and globalization. The paper recommends that governments and corporations establish strategically designed and aligned public-private partnerships that simultaneously encourage the principles of the free-market economy while providing increased preparation for supply chain disruptions caused by future global events. We further attest that Public-private partnerships will increase supply chain resiliency while simultaneously enhancing public welfare.

Suggested Citation

  • Abe Harraf & Jay M. Lightfoot & Adam Cole, 2022. "Public-Private Partnerships: Policy Prescription during the Era of Pandemics," Eurasian Journal of Business and Management, Eurasian Publications, vol. 10(4), pages 204-211.
    • Handle: RePEc:ejn:ejbmjr:v:10:y:2022:i:4:p:204-211
    as

    Download full text from publisher

    File URL: https://eurasianpublications.com/wp-content/uploads/2023/02/EJBM-10.4.1.1.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Milovanovic, Goran & Milovanovic, Slavoljub & Radisavljevic, Goran, 2017. "Globalization- The Key Challenge of Modern Supply Chains," Ekonomika, Journal for Economic Theory and Practice and Social Issues, Society of Economists Ekonomika, Nis, Serbia, vol. 63(1), March.
    2. Peter Drahos, 2004. "The Regulation Of Public Goods," Journal of International Economic Law, Oxford University Press, vol. 7(2), pages 321-339, June.
    3. Abe Harraf & Brandon William Soltwisch & Kaitlyn Talbott, 2016. "Antecedents of Organizational Complacency: Identifying and Preventing Complacency in the Work Environment," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 14(4 (Winter), pages 385-401.
    4. Orlando, Beatrice & Tortora, Debora & Pezzi, Alberto & Bitbol-Saba, Nathalie, 2022. "The disruption of the international supply chain: Firm resilience and knowledge preparedness to tackle the COVID-19 outbreak," Journal of International Management, Elsevier, vol. 28(1).
    5. abe Harraf, 2018. "Business Ecosystems and Innovation," Proceedings of International Academic Conferences 8208527, International Institute of Social and Economic Sciences.
    6. Rocco Caferra & Pasquale Marcello Falcone & Andrea Morone & Piergiuseppe Morone, 2022. "Is COVID-19 anticipating the future? Evidence from investors’ sustainable orientation," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 12(1), pages 177-196, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Guowen Chen, 2021. "Governance continuity and administration efficiency," SN Business & Economics, Springer, vol. 1(9), pages 1-18, September.
    2. Giorgia Sammarco & Daniel Ruzza & Behzad Maleki Vishkaei & Pietro De Giovanni, 2022. "The Impact of Digital Technologies on Company Restoration Time Following the COVID-19 Pandemic," Sustainability, MDPI, vol. 14(22), pages 1-17, November.
    3. Muruvvet Deniz Sezer & Melisa Ozbiltekin-Pala & Yigit Kazancoglu & Jose Arturo Garza-Reyes & Anil Kumar & Vikas Kumar, 2023. "Investigating the role of knowledge-based supply chains for supply chain resilience by graph theory matrix approach," Operations Management Research, Springer, vol. 16(3), pages 1220-1230, September.
    4. Santorsola, Marco & Caferra, Rocco & Morone, Andrea, 2022. "The financial repercussions of military escalation," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 603(C).
    5. Raktim Pal & Nezih Altay, 2023. "The missing link in disruption management research: coping," Operations Management Research, Springer, vol. 16(1), pages 433-449, March.
    6. Yasmim Maia Pederneiras & Johann Meckenstock & Ana Isabel Cerqueira Carvalho & Ana Paula Barbosa‐Póvoa, 2022. "The wicked problem of sustainable development in supply chains," Business Strategy and the Environment, Wiley Blackwell, vol. 31(1), pages 46-58, January.
    7. Faruk ÜLGEN, 2022. "Renewal of Public Action: Co-Production and Financial Regulation," CIRIEC Studies Series, in: Philippe BANCE & Marie-J. BOUCHARD & Dorothea GREILING & CIRIEC (ed.), New perspectives in the co-production of public policies, public services and common goods, volume 3, chapter 9, pages 181-205, CIRIEC - Université de Liège.
    8. Schüren Verena, 2013. "What a difference a state makes: pharmaceutical innovation after the TRIPs agreement," Business and Politics, De Gruyter, vol. 15(2), pages 217-243, August.
    9. Lai, Xinfeng & Chen, Zhixiang & Wang, Xin & Chiu, Chun-Hung, 2023. "Risk propagation and mitigation mechanisms of disruption and trade risks for a global production network," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 170(C).
    10. Cristina Gabriela Cosmulese, 2022. "Discontinuity Of Digital Platforms," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 10(3), pages 3-7, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ejn:ejbmjr:v:10:y:2022:i:4:p:204-211. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Esra Barakli (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.