12 International economic perspectives

Learning objectives

After reading this chapter, you will be able to:

  1. LO1 Explain how a pandemic impacts the global economy.
  2. LO2 Analyze factors that impact economic activity, including the nature of the shock, amplification channels, early indicators, and commodity prices.
  3. LO3 Apply a pandemic economy tracker to assess the economic effects of a pandemic.
  4. LO4 Use a model of a trading economy to demonstrate the international effects of economic contraction.
  5. LO5 Explain that a pandemic makes it difficult to achieve the goals of sustainable development, including food security, poverty eradication, and peace.
  6. LO6 Discuss the potential for lasting effects of a pandemic on the process of globalization ...

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