Economics of the Pandemic : Weathering the Storm and Restoring Growth book cover
1st Edition

Economics of the Pandemic
Weathering the Storm and Restoring Growth

Edited By

Cai Fang

ISBN 9781032026480
Published September 28, 2021 by Routledge
340 Pages 33 B/W Illustrations

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Book Description

The year 2020 marked the time when China expected to attain its goal of building a moderately prosperous society in all respects. Yet it has witnessed the emergence of COVID-19 as a global pandemic that has spread to almost all countries and regions throughout the world. This serious public health disaster has brought with it severe economic shock, resulting in unexpected challenges to the completion of economic and social development goals.

This title compiles the latest research, from a variety of perspectives, into the impact of COVID-19 on the Chinese economy. Economic experts and scholars from the Chinese Academy of Social Sciences analyze the current trends as well as short-term and long-term countermeasures in the agricultural, industrial, employment, and public health sectors and focus on supply and demand. They argue that China’s actions toward and promotion of economic recovery need to adapt to variability and uncertainty, and policy choices should be made in the light of the dialectical relationship between variance and invariance.

The book will appeal to students and scholars of economics, political science, and social development.

Table of Contents

Introduction. 1. Economic Impact of COVID-19 Pandemic (Cai Fang). 2. Its Impact on "Agriculture, Rural areas and Farmers" and Countermeasures (Li Xuesong, Wang Hongju, Feng Ming, Li Shuangshuang and Zhang Binbin). 3. The Impact of the COVID-19 Pandemic on China’s Industrial Economy and Countermeasures (Wei Houkai, Lu Qianwen). 4. From Efficiency to Safety: the Global Supply Chain Adjustment and Response under the Impact of the Pandemic (Shi Dan, Deng Zhou, Huang Yana, Yu Chang). 5. The Tertiary Industry under the Pandemic: Impact and Response (He Jun). 6. The Demand-side Impact of the Pandemic and Response (Xia Jiechang). 7. The Supply-side Impact of the Pandemic and Response (Zhang Xiaojing). 8. Process and Countermeasures for Resumption of Work and Production (Huang Qunhui). 9. Its Impact on Foreign Trade and Countermeasures (Du Yang). 10. Prevention and Control of Financial Risks during the Pandemic and the Recovery Process (Zhao Jin). 11. Public Health Countermeasures: Short-term and Long-term (He Dexu). 12. Global Spread of the Pandemic and World Economic Outlook (Zhu Hengpeng and Pan Yuqing). 13. How to Deal with the Impact of the Global Economic Recession (Zhang Yuyan, Xu Xiujun). 14. Humanist Economics after the Pandemic (Peng Wensheng).

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Cai Fang, Professor, PhD in Economics, is Chief Expert of the National High-end Think Tank at the Chinese Academy of Social Sciences, where he is an Academician. His recent publications include Demographic Perspective of China’s Economic Development (2020) and Perceiving Truth and Ceasing Doubts (2020).