Saturday, April 25, 2020

Corona it's handling and future World economy


I believe the most impressive countries in the world to handle the current COVID situation are South Korea and followed by Singapore. I personally salute the head of the government, his team and the countrymen the way they are proactively fighting against this virus.

The primary rules they followed were social distancing and mass scale testing. Advanced countries like the USA and Italy were unable to control the virus the way these two countries did. Initially, the numbers were rising fast in these two countries as well but good governance and policies helped them to achieve success in controlling the spread of the virus. As of today, per WHO figures only 10,500 people have been effected and 242 Deaths in South Korea.

Both these countries play a major role in the field of Technology and Finance in Asia but it appears they are going to play an even major role in the world economy because the major countries are going to struggle with the economy in coming times including the US, UK, Europe and China 

One can see in the near future the emergence   of South Korea. Due to this in coming years, I strongly believe Asia is going to drive the world economy.

A big lesson for developing countries can learn from these two countries and still correct their internal measures to handle the effects of Corona in coming months / years. 

Jai hind

Manoj joshi

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