Coronavirus changes the world (2)
2 долоо хоног, 1 өдөр өмнө
- If coronavirus spreads widely, Mongolia will collapse
- Some countries in the region, including Thailand, have tightened regulations on the import of medical products and removed the excise tax on medical alcohol
Please find the previous part from May 13th issue of ZGM Daily
The recession is just beginning, but revenues have already fallen or plunged in all sectors. If no action is taken now, small and medium enterprises and the shadow economy will be more hard on almost every country (especially in Mongolia). However, there will be extra demand for the Internet-based economy - e-commerce, e-education, and e-health services - so that employees do not lose income. When it comes to making a profit, I could say nothing. China, Asia’s largest economy, has been hit the most but has not collapsed. Instead, the government of the country has supported small If coronavirus spreads widely, Mongolia will collapseand medium-sized enterprises by delaying social security contributions, ground leases, and real estate taxes. Japan has imposed curfews in all provinces but continued to support SMEs through wage comfort and advisory services. The UN commission also noted the good news that Hong Kong, Singapore, and Taiwan have set up special investment funds to subsidize retail, food, transportation, and tourism, and support low-income households.
Countries in the region need to completely reform the import and export policies. Everyone is looking for ways to import cheap, reliable medicines and important medical products promptly. In this regard, countries are reviewing their tariff and non-tariff trade regulations.Some countries in the region, including Thailand, have tightened regulations on the import of medical products and removed the excise tax on medical alcohol. At the same time, many countries are banning or putting restrictions on the export of medical devices and drugs. It is ridiculous that the United States banned the export of masks because it believes that the interests of its citizens must come first. It has been criticized as inhumane action, denying the livelihoods of vulnerable countries facing infectious diseases. Furthermore, some people are acting as if there are no other diseases than corona. Many of these activities connect with finances. It seems like health comes with wealth. In the absence of wealth, there is a call to rely on oneself, a healthy life, and sports.
If coronavirus spreads widely, Mongolia will collapse. Therefore, in addition to mechanically increasing the number of doctors, the State Emergency Commission (SEC) should always encourage people to stay healthy, at least to resist alcohol and smoking, to lead a healthy life and to be athletic. The UN Subcommittee estimated that by 2030, the entire health care system in our region will need to be strengthened, with an annual investment of USD 880 million in emergency preparedness, risk management, and response. Such investments are aimed at overcoming the current situation, compensating the economy, and most importantly, saving lives. Currently, it is more about people, since investment in people is an essential support for economic recovery. Eventually, only humans can run the economy. The world is moving to stop the spread of the virus, to treat those who are infected, and to develop vaccines. It also requires financial resources. Therefore, East Asia will establish a Public Health Emergency Fund in the region, mobilize financial resources, and provide targeted assistance to the countries most affected by the virus.
India, for example, has offered to set up an emergency fund against COVID-19 under the South Asian Association for Regional Cooperation (SAARC) with an investment of USD 10 million. The UN and the regional commission are managing the emergency fund, bringing together member states, regional intergovernmental organizations, the Multilateral Development Bank, the private sector, and civil society.Most importantly, the coronavirus does not discriminate between rich and poor people or wealthy and small countries. The disease spread regardless of the level and boundaries of socio-economic development. Outbreaks appear to be exacerbated by fears, riots, discrimination, and hatred. This means that there is enough reason for political instability. Stigmatization of certain groups in society increases the risk of people hiding their disease and further outbreak. The UN commission called for a message of tolerance, optimism, and partnership in Asia and the Pacific. If we are going to spread something, let’s spread goodness, said the UN Secretary-General.All of the above is very important to us!