As we delve into the economic factors influencing World Disorder Events (WDE), we encounter a complex interplay of global economic, social, and political forces. The dynamics of international oil prices, economic crises, and the consequential impacts on energy, the economy, and the environment serve as a substantial backdrop to understand these events. For instance, Jia et al. (2021) discussed the dual shocks of the CoronaVirus 2019 (COVID-19) pandemic and fluctuations in crude oil prices, emphasizing their significant impacts on economies and highlighting the potential of economic policies, such as adjustments in energy pricing and tax policies, to mitigate these effects. Further, Lugo-Robles et al. (2021) delineated how urban population changes, GDP fluctuations, and changes in forest areas are economic indicators significantly correlated with the frequency of reported public health events, which are intricately linked to WDE. This suggests that urbanization and environmental degradation, as driven by economic activities, are crucial components in forecasting and managing the risks associated with WDE. Furthermore, Jones et al. (2008) on emerging infectious diseases (EIDs) identified socio-economic, environmental, and ecological factors as significant drivers for the rise in EIDs, which can be seen as precursors or components of WDE. The study’s findings on the global distribution and increase of EIDs underscore the interconnectedness of global health risks and economic factors, highlighting the importance of integrating economic planning into global health strategies. The interaction of economic policies with global health and environmental stability is further elucidated by the historical analysis provided by Navarro (1972), which discussed how alliances between dominant economic classes across the globe can influence global health outcomes and contribute to world disorder through skewed economic policies. This intricate web of factors and their interdependencies present a challenging yet engaging field of study for policymakers and economic analysts. In light of these findings, it becomes clear that the economic underpinnings of WDE are multifaceted, involving complex interactions between global economic forces, public health, and environmental sustainability. The policy implications are profound, necessitating a multi-sectoral approach that incorporates economic resilience, environmental stewardship, and public health preparedness to effectively manage and mitigate the impacts of WDE. In the intricate matrix of global economic policies, WDE stand as prominent disruptors, necessitating a nuanced understanding of their economic ramifications. The existing literature underscores the susceptibility of global economies to WDE, where incidents like health pandemics or geopolitical tensions can propagate through economic channels, affecting a plethora of sectors, from stock markets to international trade policies. For example, Grant (1993) illustrated how domestic economic policies are inextricably linked to global economic dynamics, where events in one part of the world, such as natural disasters or significant political shifts, can have cascading effects on global economic stability, highlighting the interconnectedness of modern economies and the fragility of international economic relations. Moreover, the intricate details provided by Block (1977) about the historical evolution of international economic disorders reveal how the US foreign economic policies, influenced heavily by capitalist ideologies, have shaped global economic frameworks. This historical context is crucial for understanding current economic policies and their vulnerabilities to disorder events, suggesting that past policies have laid the groundwork for present economic instabilities and highlighting the need for robust economic frameworks that can withstand the shocks of WDE. This background sets the stage for the paper's primary contribution, which is to elucidate the economic policy responses that can potentially mitigate the impacts of WDE. Through empirical studies and policy analysis, this research aims to offer actionable insights that can help shape economic policies to not only manage but also pre-empt the economic disruptions caused by WDE. The study is structured to comprehensively analyze the impact of economic, health, and environmental factors on WDE. The introduction outlines the research question and its relevance to global economic policy. The literature review examines existing research on the factors influencing WDE and the current economic policy frameworks. In the empirical framework section, methodologies and data sources used to assess the economic impacts of WDE are detailed. The results section presents the findings, evaluating how different economic policies mitigate the impacts of WDE. Robustness checks ensure the reliability of these findings through validation techniques. Then useful policy implications are provided, derived from the empirical findings. Finally, the conclusions summarize the key insights and discuss their implications for economic policy, proposing actionable strategies to enhance economic resilience against WDE.
The economic determinants of world disorder events: An empirical analysis
Alberto Costantiello
2024-01-01
Abstract
As we delve into the economic factors influencing World Disorder Events (WDE), we encounter a complex interplay of global economic, social, and political forces. The dynamics of international oil prices, economic crises, and the consequential impacts on energy, the economy, and the environment serve as a substantial backdrop to understand these events. For instance, Jia et al. (2021) discussed the dual shocks of the CoronaVirus 2019 (COVID-19) pandemic and fluctuations in crude oil prices, emphasizing their significant impacts on economies and highlighting the potential of economic policies, such as adjustments in energy pricing and tax policies, to mitigate these effects. Further, Lugo-Robles et al. (2021) delineated how urban population changes, GDP fluctuations, and changes in forest areas are economic indicators significantly correlated with the frequency of reported public health events, which are intricately linked to WDE. This suggests that urbanization and environmental degradation, as driven by economic activities, are crucial components in forecasting and managing the risks associated with WDE. Furthermore, Jones et al. (2008) on emerging infectious diseases (EIDs) identified socio-economic, environmental, and ecological factors as significant drivers for the rise in EIDs, which can be seen as precursors or components of WDE. The study’s findings on the global distribution and increase of EIDs underscore the interconnectedness of global health risks and economic factors, highlighting the importance of integrating economic planning into global health strategies. The interaction of economic policies with global health and environmental stability is further elucidated by the historical analysis provided by Navarro (1972), which discussed how alliances between dominant economic classes across the globe can influence global health outcomes and contribute to world disorder through skewed economic policies. This intricate web of factors and their interdependencies present a challenging yet engaging field of study for policymakers and economic analysts. In light of these findings, it becomes clear that the economic underpinnings of WDE are multifaceted, involving complex interactions between global economic forces, public health, and environmental sustainability. The policy implications are profound, necessitating a multi-sectoral approach that incorporates economic resilience, environmental stewardship, and public health preparedness to effectively manage and mitigate the impacts of WDE. In the intricate matrix of global economic policies, WDE stand as prominent disruptors, necessitating a nuanced understanding of their economic ramifications. The existing literature underscores the susceptibility of global economies to WDE, where incidents like health pandemics or geopolitical tensions can propagate through economic channels, affecting a plethora of sectors, from stock markets to international trade policies. For example, Grant (1993) illustrated how domestic economic policies are inextricably linked to global economic dynamics, where events in one part of the world, such as natural disasters or significant political shifts, can have cascading effects on global economic stability, highlighting the interconnectedness of modern economies and the fragility of international economic relations. Moreover, the intricate details provided by Block (1977) about the historical evolution of international economic disorders reveal how the US foreign economic policies, influenced heavily by capitalist ideologies, have shaped global economic frameworks. This historical context is crucial for understanding current economic policies and their vulnerabilities to disorder events, suggesting that past policies have laid the groundwork for present economic instabilities and highlighting the need for robust economic frameworks that can withstand the shocks of WDE. This background sets the stage for the paper's primary contribution, which is to elucidate the economic policy responses that can potentially mitigate the impacts of WDE. Through empirical studies and policy analysis, this research aims to offer actionable insights that can help shape economic policies to not only manage but also pre-empt the economic disruptions caused by WDE. The study is structured to comprehensively analyze the impact of economic, health, and environmental factors on WDE. The introduction outlines the research question and its relevance to global economic policy. The literature review examines existing research on the factors influencing WDE and the current economic policy frameworks. In the empirical framework section, methodologies and data sources used to assess the economic impacts of WDE are detailed. The results section presents the findings, evaluating how different economic policies mitigate the impacts of WDE. Robustness checks ensure the reliability of these findings through validation techniques. Then useful policy implications are provided, derived from the empirical findings. Finally, the conclusions summarize the key insights and discuss their implications for economic policy, proposing actionable strategies to enhance economic resilience against WDE.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
