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Theoretical and Conceptual Issues on Covid-19 Pandemic

Author

Listed:
  • Etim O. Frank
  • E. E. Ubeng

Abstract

The study set out to evaluate the theoretical, empirical and conceptual issues on COVID-19 Pandemic. It stated that the American system is described as a liberal capitalist system, which theoretically operates upon private ownership of the means of production, pursues profit in business trading as the motivation and production are for the markets. In this system, price mechanism determines demand and supply. China on the hand, had started reforms where they transited from Communism to Socialist market economy with strong State –Owned- Enterprises driving the economy. They have acquired the capitalist ethics of profit and competition hence aiming at profit in the global market place. In the course of this, they obtained favorable balance of trade with the U.S. The former U.S. president was desirous to change the situation, and started a trade-war with China which negotiations failed. In the midst of this came COVID-19,which this study termed the third World War given the fact that the number of nations and casualties caused by COVID-19, is greater than both the first and second World Wars. The study applied the descriptive research technique and deployed the Elite theory and the political economy perspective of analysis. It alluded to the logic of competition in capitalism which operates in both systems as accounting for the COVID-19 as ammunition to outwit one another. It outlined the manifest and latent manifest outcomes of the COVID-19, showing the various military ships in which their occupants were infected by COVID-19 after participating in the 7th CISM world Military games in Wuhan,-China. It also listed a number of Cruise-Liners which were docked because the occupants were infected by the virus. It concluded that just as global alliance helped to resolve the World wars and previous pandemic, global solidarity in finding out where and how the virus started and conduct research to find potent vaccine to end the pandemic is the solution to covid-19, else mankind would live with it.

Suggested Citation

  • Etim O. Frank & E. E. Ubeng, 2021. "Theoretical and Conceptual Issues on Covid-19 Pandemic," Journal of Public Administration and Governance, Macrothink Institute, vol. 11(4), pages 7394-7394, December.
    • Handle: RePEc:mth:jpag88:v:11:y:2021:i:4:p:73-94
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    References listed on IDEAS

    as
    1. repec:abf:journl:v:31:y:2020:i:3:p:24253-24254 is not listed on IDEAS
    2. Oluwole Owoye & Olugbenga A. Onafowora, 2020. "United States-China Trade War And The Emergence Of Global Covid-19 Pandemic," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 73(4), pages 435-466.
    3. He, Chuan & Mau, Karsten & Xu, Mingzhi, 2021. "Trade Shocks and Firms Hiring Decisions:," Research Memorandum 001, Maastricht University, Graduate School of Business and Economics (GSBE).
    Full references (including those not matched with items on IDEAS)

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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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