| Popis: |
Pandemics, even though being rare events, leave profound footprints in the shaping of the world. The impacts elicit carefully-devised contingency measures to mitigate the spread of the disease and loss of lives. While containment plans are executed sequentially in phases and medical interventions take time, the pandemic leaves significant marks on various aspects, such as economic, financial, social, and environmental, in terms of impacts. Some impacts may even induce irreversible changes to the aspect(s). This chapter reviews the impact of pandemics ranging from the bubonic plague during the Roman Empire to Covid-19. Trade and travel activities has consistently been the common factor in the spread of majority of the pandemics, with subsequent hit succumbed by the economy. Fiscal shocks are comparatively more acute in nature and stock markets usually recover within 3–6 months after the pandemic trigger. While social effects are more varied and localised in different parts of the world, environmental impacts reveal the positive side of restricted human activities along with some negative side-effects towards the environment. |
