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The Paradoxical Effects of Uncertainty: A perspective of South Africa’s Risk Adjusted Strategy on COVID-19

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  • Jeremiah Kau Makokoane

    (The Southern Africa Institute of Management Scientists, Independent researcher, South Africa)

Abstract

The emergence of the coronavirus SARS-CoV-2 which causes the COVID-19 disease was on 11 March 2020 declared a public health pandemic by the World Health Organization since it threatens human life and livelihood. Covid-19 which originates from China has stretched across nations globally from the end of 2019. In administering public policy of affected countries each government has adopted a counter strategy of containing this biological outbreak. The consequential effects are restricted movements on socio-economic activities. Thus, this paper provides theory development of a cross-disciplinary study drawing upon insights from literature on uncertainty and disaster risk management that is integrated with system theory, adaptive systems and practices as well as decision-making philosophy. That provides a basis for exploration of international perspectives on disaster risk reduction methods to combat the Covid-19 pandemic. Following, this paper explains the formulation of the South Africa’s Risk Adjusted Strategy. The collected scientific data and associated information enable risk analysis experts and key stakeholders to empower political decision-making in strategy execution. The anticipated strategic interventions are to alleviate a debilitating socio-economic situation by public policy and adaptation strategies towards a return to socio-economic normalcy. However, the potential paradoxical effects of COVID-19 are expected to create an ambivalent attitude to strategic interventions and decision-making by authorities. Thus, this paper seeks to explore the theoretical and practical ramifications of the systemic change and adaptable disaster risk strategy of South Africa within the context of disaster risk management and under extraordinary situations of uncertainty during the COVID-19 pandemic

Suggested Citation

  • Jeremiah Kau Makokoane, 2021. "The Paradoxical Effects of Uncertainty: A perspective of South Africa’s Risk Adjusted Strategy on COVID-19," International Journal of Innovation and Economic Development, Inovatus Services Ltd., vol. 7(2), pages 47-63, June.
    • Handle: RePEc:mgs:ijoied:v:7:y:2021:i:2:p:47-63
    DOI: 10.18775/ijied.1849-7551-7020.2015.72.2004
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    References listed on IDEAS

    as
    1. Gijs Kuilen & Peter Wakker, 2006. "Learning in the Allais paradox," Journal of Risk and Uncertainty, Springer, vol. 33(3), pages 155-164, December.
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    More about this item

    Keywords

    Covid-19 effects of uncertainty; Disaster risk management; South Africa’s Risk Adjusted Strategy; Paradox of Covid-19;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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