IDEAS home Printed from https://ideas.repec.org/a/gam/jjrfmx/v13y2020i3p46-d327711.html
   My bibliography  Save this article

Prevention Is Better Than the Cure: Risk Management of COVID-19

Author

Listed:
  • Michael McAleer

    (Department of Finance, Asia University, Taichung 41354, Taiwan
    Discipline of Business Analytics, University of Sydney Business School, Sydney 2006, Australia
    Econometric Institute, Erasmus School of Economics, Erasmus University Rotterdam, 3062 Rotterdam, The Netherlands
    Department of Economic Analysis and ICAE, Complutense University of Madrid, 28040 Madrid, Spain)

Abstract

A novel coronavirus was reported to the World Health Organization (WHO) in China on 31 December 2019. The WHO named the disease COVID-19 on 11 February 2020. As of 26 February 2020, the disease has been detected on all continents, except for Antarctica. Daily updates on COVID-19 since early February 2020 have made headline news worldwide for much of 2020. This editorial evaluates risk management based on the Global Health Security (GHS) Index of global health security capabilities in 195 countries. The GHS Index lists the countries best prepared for an epidemic or pandemic. COVID-19 is compared with two related coronavirus epidemics, SARS and MERS, in terms of the number of reported human infections, deaths, countries, major country clusters, timelines, and the likelihood of discovering a safe, effective, and approved vaccine.

Suggested Citation

  • Michael McAleer, 2020. "Prevention Is Better Than the Cure: Risk Management of COVID-19," JRFM, MDPI, vol. 13(3), pages 1-5, March.
    • Handle: RePEc:gam:jjrfmx:v:13:y:2020:i:3:p:46-:d:327711
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1911-8074/13/3/46/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1911-8074/13/3/46/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Chuanyi Wang & Zhe Cheng & Xiao-Guang Yue & Michael McAleer, 2020. "Risk Management of COVID-19 by Universities in China," JRFM, MDPI, vol. 13(2), pages 1-6, February.
    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. Gabriele Cervino & Luca Fiorillo & Giovanni Surace & Valeria Paduano & Maria Teresa Fiorillo & Rosa De Stefano & Riccardo Laudicella & Sergio Baldari & Michele Gaeta & Marco Cicciù, 2020. "SARS-CoV-2 Persistence: Data Summary up to Q2 2020," Data, MDPI, vol. 5(3), pages 1-16, September.
    2. Chia-Lin Chang & Michael McAleer & Vicente Ramos, 2020. "The Future of Tourism in the COVID-19 Era," Advances in Decision Sciences, Asia University, Taiwan, vol. 24(3), pages 218-230, September.
    3. Jozef Klucka & Rudolf Gruenbichler & Jozef Ristvej, 2021. "Relations of COVID-19 and the Risk Management Framework," Sustainability, MDPI, vol. 13(21), pages 1-15, October.
    4. Xiao-Guang Yue & Xue-Feng Shao & Rita Yi Man Li & M. James C. Crabbe & Lili Mi & Siyan Hu & Julien S Baker & Liting Liu & Kechen Dong, 2020. "Risk Prediction and Assessment: Duration, Infections, and Death Toll of the COVID-19 and Its Impact on China’s Economy," JRFM, MDPI, vol. 13(4), pages 1-26, April.
    5. Vida Navickiene & Valentina Dagiene & Egle Jasute & Rita Butkiene & Daina Gudoniene, 2021. "Pandemic-Induced Qualitative Changes in the Process of University Studies from the Perspective of University Authorities," Sustainability, MDPI, vol. 13(17), pages 1-16, September.
    6. Christian M. Hafner, 2020. "The Spread of the Covid-19 Pandemic in Time and Space," IJERPH, MDPI, vol. 17(11), pages 1-13, May.
    7. Olena Knysh & Oksana Dudziak, 2020. "Overcoming the Challenges – the Impact of COVID-19 on Agricultural Higher Education in Ukraine," Revista romaneasca pentru educatie multidimensionala - Journal for Multidimensional Education, Editura Lumen, Department of Economics, vol. 12(2Sup1), pages 162-167, September.
    8. Katarzyna Grondys & Oliwia Ślusarczyk & Hafezali Iqbal Hussain & Armenia Androniceanu, 2021. "Risk Assessment of the SME Sector Operations during the COVID-19 Pandemic," IJERPH, MDPI, vol. 18(8), pages 1-19, April.
    9. Tomasz Napierała & Katarzyna Leśniewska-Napierała & Rafał Burski, 2020. "Impact of Geographic Distribution of COVID-19 Cases on Hotels’ Performances: Case of Polish Cities," Sustainability, MDPI, vol. 12(11), pages 1-18, June.
    10. Yen-Jung Chen & Robert Li-Wei Hsu, 2021. "Understanding the Difference of Teachers’ TLPACK before and during the COVID-19 Pandemic: Evidence from Two Groups of Teachers," Sustainability, MDPI, vol. 13(16), pages 1-17, August.
    11. Oana Tanculescu & Alina-Mihaela Apostu & Adrian Doloca & Sorina Mihaela Solomon & Diana Diaconu-Popa & Carmen Iulia Ciongradi & Raluca-Maria Vieriu & Ovidiu Aungurencei & Ana-Maria Fatu & Nicoleta Ioa, 2023. "Perception of Remote Learning by Fixed Prosthodontic Students at a Romanian Faculty of Dentistry," IJERPH, MDPI, vol. 20(4), pages 1-20, February.
    12. Anastasia Atabekova, 2020. "University Discourse to Foster Youth’s Sustainability in Society amidst COVID19: International and Russian Features," Sustainability, MDPI, vol. 12(18), pages 1-32, September.
    13. Noemi Marujo & Maria do Rosário Borges & Jaime Serra & Rosa Coelho, 2021. "Strategies for Creative Tourism Activities in Pandemic Contexts: The Case of the ‘Saídas de Mestre’ Project," Sustainability, MDPI, vol. 13(19), pages 1-17, September.
    14. Chia-Lin Chang & Michael McAleer & Wing-Keung Wong, 2020. "Risk and Financial Management of COVID-19 in Business, Economics and Finance," JRFM, MDPI, vol. 13(5), pages 1-7, May.
    15. Eun-Jung Kim & Jinkyung Jenny Kim & Sang-Ho Han, 2021. "Understanding Student Acceptance of Online Learning Systems in Higher Education: Application of Social Psychology Theories with Consideration of User Innovativeness," Sustainability, MDPI, vol. 13(2), pages 1-14, January.
    16. Olivier Boiral & Marie-Christine Brotherton & Léo Rivaud & Laurence Guillaumie, 2021. "Organizations’ Management of the COVID-19 Pandemic: A Scoping Review of Business Articles," Sustainability, MDPI, vol. 13(7), pages 1-20, April.
    17. repec:rfh:jprjor:v:8:y:2022:i:1:p:13-17 is not listed on IDEAS
    18. Wei Liu & Xiao-Guang Yue & Paul B. Tchounwou, 2020. "Response to the COVID-19 Epidemic: The Chinese Experience and Implications for Other Countries," IJERPH, MDPI, vol. 17(7), pages 1-6, March.
    19. Chia-Lin Chang & Michael McAleer & Vicente Ramos, 2020. "A Charter for Sustainable Tourism after COVID-19," Sustainability, MDPI, vol. 12(9), pages 1-4, May.
    20. Md. Mahmudul Alam & Haitian Wei & Abu N. M. Wahid, 2021. "COVID‐19 outbreak and sectoral performance of the Australian stock market: An event study analysis," Australian Economic Papers, Wiley Blackwell, vol. 60(3), pages 482-495, September.
    21. repec:osf:osfxxx:gt4wm_v1 is not listed on IDEAS
    22. Michael McAleer, 2020. "Is One Diagnostic Test for COVID-19 Enough?," JRFM, MDPI, vol. 13(4), pages 1-3, April.

    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:gam:jjrfmx:v:13:y:2020:i:3:p:46-:d:327711. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.