The disease Ebola is causing an epidemic in Africa that is extremely dangerous on many fronts. Diseases are problems that must be faced by people of many different disciplines. However, the funds for fighting Ebola are not unlimited. One big problem of the disease right now is what to do with the money received from mainly Western aid. With the ultimate goal of deciding which danger of Ebola warrants the most financial aid from the world, each aspect of the disease’s negative effects must be evaluated. Logically, whichever is potentially the most “dangerous” would receive the most aid. Therefore, this paper will be evaluating the dangers of two different categories of effects of Ebola: the physical, medical effects, and the more subtle economic
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In fact, the 3 most heavily infected countries in Africa already suffer the economic consequences of the disease. As the World Bank reports, Guinea’s estimated price of ebola is $130 million, Liberia’s is $66 million, and Sierra Leone’s is $163 million. Together, that makes $359 million dollars in the short term lost due to the various consequences of ebola, which mainly are caused from fear as opposed to “the direct costs (mortality, morbidity, caregiving, and the associated losses to working days)”(World Bank, 2014). This source is credible, as the World Bank compiles economic data from around the world for public use. The World Bank went further, detailing that depending on the success of measures to contain the disease, the price for these countries in the future could vary extremely. All together, the price of the various results of ebola in Guinea, Liberia, and Sierra Leone would call for $97 million if the efforts to contain the disease are successful. If not, the number is increased by more than eightfold. The estimated cost for failure is $809 million. Such a cost would be crippling to the 3 countries in …show more content…
Fear affects the economies of the outside world very substantially, as demonstrated in the current events. For example, West African hotels have seen a 65% decrease in hotel bookings because of the ebola crisis; this is even in countries that have not had a single case of ebola (Wall Street Journal, 2014). The Wall Street Journal could potentially be unreliable, as it is a publication, but it does not sensationalize Ebola in this article. While there was next to no risk to the American Public with the infection of the nurse in Dallas, the ripples it created in the minds of Americans could not be stopped. According to the Wall Street Journal, the 3 largest airlines in the United States had stock prices drops of 13-17%. Stocks are indicators of a society’s economic well-being, and large, sudden price drops are never beneficial to an economy. What helps alleviate the economic problems caused by ebola is increased publicity. If people hear that an infected ebola patient has been properly quarantined in a state-of-the-art facility as opposed to “Infected Ebola Victim Inside the United States” like some publications might say, much less fear would be garnered,
In fact, the 3 most heavily infected countries in Africa already suffer the economic consequences of the disease. As the World Bank reports, Guinea’s estimated price of ebola is $130 million, Liberia’s is $66 million, and Sierra Leone’s is $163 million. Together, that makes $359 million dollars in the short term lost due to the various consequences of ebola, which mainly are caused from fear as opposed to “the direct costs (mortality, morbidity, caregiving, and the associated losses to working days)”(World Bank, 2014). This source is credible, as the World Bank compiles economic data from around the world for public use. The World Bank went further, detailing that depending on the success of measures to contain the disease, the price for these countries in the future could vary extremely. All together, the price of the various results of ebola in Guinea, Liberia, and Sierra Leone would call for $97 million if the efforts to contain the disease are successful. If not, the number is increased by more than eightfold. The estimated cost for failure is $809 million. Such a cost would be crippling to the 3 countries in …show more content…
Fear affects the economies of the outside world very substantially, as demonstrated in the current events. For example, West African hotels have seen a 65% decrease in hotel bookings because of the ebola crisis; this is even in countries that have not had a single case of ebola (Wall Street Journal, 2014). The Wall Street Journal could potentially be unreliable, as it is a publication, but it does not sensationalize Ebola in this article. While there was next to no risk to the American Public with the infection of the nurse in Dallas, the ripples it created in the minds of Americans could not be stopped. According to the Wall Street Journal, the 3 largest airlines in the United States had stock prices drops of 13-17%. Stocks are indicators of a society’s economic well-being, and large, sudden price drops are never beneficial to an economy. What helps alleviate the economic problems caused by ebola is increased publicity. If people hear that an infected ebola patient has been properly quarantined in a state-of-the-art facility as opposed to “Infected Ebola Victim Inside the United States” like some publications might say, much less fear would be garnered,