Nowadays the differences between countries are becoming less evident because we see the same TV shows, advertisements, fashion and follow the same brands. What are the advantages and disadvantages of this trend?

During the meaningful educational experience, I understand that the impact of the virus is enormous to the world. The economic impact during a

pandemic

is an issue that not just the country but every individual. The key to the right lock is important as time and finances are crucial to the government. The fiscal and monetary policies must be in place in order to help the local

economy

.

Firstly

, export will be affected as workers and companies cannot export their products, it will definitely lower the aggregate demand and

therefore

decline the national income.

For example

, South African shoe manufacturers will not be able to export their products even if they lower their price level as ports are not open for shipping.

Furthermore

,

countries

that depend on tourism will be badly affected,

for instance

, Maldives. Airlines were not open and

countries

will have regulations to stop travelling from

countries

with a

pandemic

. Domestic and international Investment will not grow as the

pandemic

will affect the

countries

with a

pandemic

. Economic growth is accompanied by changes in the structure of the

economy

. When there is a disease outbreak, new firms will not have opportunities to establish themselves, as

banks

will not be able to loan them

money

.

Moreover

,

banks

may face a crisis,

for example

, the US

banks

had given large numbers of mortgages to low-income households on deals that fixed low repayments for a few years. During the

pandemic

, many would not be able to afford the repayments and

banks

may be bundling mortgages together and

sell

Wrong verb form

selling

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packages of mortgages to other

banks

or investors. Market failure in the labour market will

also

deepen the crisis.

For example

,

NHS

Correct article usage

the NHS

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has a deepening shortage of nurses.

This

means that hospitals face

shortage

Add an article

a shortage

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of manpower, when the

pandemic

strikes, medical teams may not be able to handle all the patients

and

Correct word choice

which

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cause

Correct subject-verb agreement

causes

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increase

Add an article

an increase

the increase

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of

Change preposition

in

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death

Correct article usage

the death

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rate and

wosen

Verb problem

apply

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the

economy

.

Therefore

,

Correct article usage

the govenment

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govenment

Correct your spelling

government

should seriously build more nursing schools and

financial

Change the word

financially

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support prospective nurse students to mitigate

pandemic

effects.

Moreover

, the government needs to spend more

money

to combat the virus

such

as temporary medical stations, medications and research to solve the epidemic.

This

even worsens the government’s budget and may even create a deficit.

Therefore

, the government may need to increase the

money

supply in order to cope with the economic challenges.

Such

as the United States of America, quantitative easing may increase the

money

supply and help the

economy

in the short run. I

also

learned that country like Singapore, fiscal policy to subsidy citizens with monetary terms is helping them to withstand the

pandemic

in the short term. As

such

, unwinding the monetary stimulus will not be possible as the

pandemic

may be a long-term issue. I acknowledge that it is very important to rely on my own knowledge and express my thoughts from the fundamentals I learned during the lectures. Without much attention in class, I may not be able to fulfil the discussion. As I was a timid and shy girl, open discussion was not my cup of tea.

However

, through the journey, I now understand that expressing my thoughts is becoming a rewarding experience. I may use

such

skills in the future when in my career days.