1. Taming COVID-19 by Regulation: An Opportunity for Self-Reflection
- Author
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Alberto Alemanno, Groupement de Recherche et d'Etudes en Gestion à HEC (GREGH), Ecole des Hautes Etudes Commerciales (HEC Paris)-Centre National de la Recherche Scientifique (CNRS), and HEC Paris Research Paper Series
- Subjects
Coronavirus disease 2019 (COVID-19) ,media_common.quotation_subject ,Psychological intervention ,Precautionary principle ,JEL: K - Law and Economics/K.K3 - Other Substantive Areas of Law ,03 medical and health sciences ,Emergency Regulation ,Political science ,Development economics ,Pandemic ,Natural (music) ,Worst-case scenarios ,Natural disaster ,0505 law ,media_common ,Government ,Risk Regulation ,030505 public health ,Cost–benefit analysis ,Corporate governance ,JEL: K - Law and Economics/K.K3 - Other Substantive Areas of Law/K.K3.K33 - International Law ,05 social sciences ,Cost-benefit analysis ,COVID-19 ,EU law ,Tradeoffs ,Risk regulation ,Surprise ,Editorial ,Risk vs risk ,Political economy ,Self-reflection ,Scale (social sciences) ,JEL: K - Law and Economics/K.K3 - Other Substantive Areas of Law/K.K3.K32 - Environmental, Health, and Safety Law ,Terrorism ,050501 criminology ,[SHS.GESTION]Humanities and Social Sciences/Business administration ,0305 other medical science ,Safety Research ,Law ,Yet another - Abstract
The COVID-19 outbreak is not the first nor last series of recent real or potential catastrophes - be they natural disasters, terrorist attacks or pandemics - that have taken by surprise governments, globalised firms and the citizenry. 1Yet, due to its near-unprecedented impact on the highly interconnected but vulnerable systems that define the modern world, this pandemic has been testing our ability to govern risk more than any other crisis before. The last time the world responded to a global emerging disease epidemic of the scale of the current novel coronavirus without having access to vaccines was the 1918-1919 H1N1 influenza pandemic. 2Ironically, the measures mobilised today to counter COVID-19 - the so-called “non-pharmaceutical interventions” 3- are essentially the same as those deployed a century ago, and that despite significant social, technological as well as governance differences between 1918 and today. 4
- Published
- 2020