Question

World economy today is a global economy what happens in one country affects other countries as well in today s world do you think a country should follow a completely socialist outlook in its economice affairs what would the drawback be in such a case how can present day government use socialist for developing their economy. Answer in 60-80 words​

Answer 1

Answer:

The COVID19 pandemic strikingly illustrates the intersection of politics, economics, and other considerations Public health experts have long warned that the world was likely to face a major pandemic and called for greater preparedness. Yet policymakers who have to focus on the next election find it difficult to invest the time money and political capital to address the abstract possibility of a future crisis. And so most of the world was unprepared for a global public health threat of the magnitude posed by the novel coronavirus