Research on the Multisectoral Impact of Infectious Diseases on the Economy

Abstract

The purpose of the work is to consider the features of the multidimensional impact of the consequences of the spread of infectious diseases on the economic development of countries. The author concludes that the process of public health exposure to regional or global new and endemic infectious diseases may have broader socio-economic consequences that are often not taken into account when assessing risk or impact. With the spread of international travel and trade, such events can cause economic shocks that go far beyond the traditional health sectors and the original geographical range of the pathogen. Intensive economic specialization and a broader division of labor, accompanied by expanding markets and increasing economic globalization, increase the risk of people coming into contact with sources that contribute to highly contagious diseases such as influenza and COVID-19. The adverse economic consequences of new forms or types of these diseases can be serious, taking into account the high degree of interdependence of economic activities in the modern economy. For example, the absence of workers from work due to such infections or the risks of these infections can disrupt production at the workplace level. Also, supply chains can be disrupted or disrupted by these pandemics, and in addition, they usually have a negative impact on aggregate demand for goods. This is evidenced by the COVID-19 outbreak, which led to a serious global economic depression. The occurrence and consequences of epidemics and pandemics depend on the nature and stages of economic development. The economic and social structure of modern society contributes to the transmission of diseases that depend on human contact or presence, especially those that are caused by airborne microbes or persist on commonly used surfaces. The study concluded that public and private stakeholders at the local, national and international levels should work together to address the economic consequences of infectious diseases, to provide informed systems and risk and impact analysis, and to promote cost-sharing strategies for prevention and preparedness where possible, and to evaluate optimal intervention strategies when necessary. Developments related to infectious diseases in today's globalized world require increased responsibility for preserving people's health and economic security.