Economic Impact of Sars on the Singapore Economy

In this essay I will be talking about the impact of the fall of Singapore on Australia’s immediate security, and also be giving a brief background of important events during that time.

The result of overproduction in farm area was wheat, cotton, corn, and other grains prices drop (Document N). Industries like Gar Wood Inc, producer of boats, overproduce boats because the sell of them saw to be increasing; every American want a boat, “One man pays $35,000 for a boat, another $10,000” (Document J). When the economy becomes weaker, people stop buying goods in excess, as result the excess wheat and other grains, and the goods produced by industries, remain in the store; not body bought them. Farmers and industries have to stop their production completely, which resulted in the dismissal of hundreds of workers (increase unemployment %) and the loss of millions of dollars. Overproduction put the country in a very hard economic situation to avoid, the Great

This eventually affected big companies, which led in decrease in production and fired many employees. The unemployment rose higher than twenty five percent, which meant less money to hover up this economic situation.

MERS is spread by contact with an infected person or persons. It is a zoonotic disease that is believed to have been spread originally from camels through direct or indirect contact. When spread from person to person, MERS is spread easily to a caregiver of an infected person who is not using proper precautions such as gloves

Because of the uncertainties and evolving nature of infectious diseases, outbreaks can cause substantial fear in communities and in the general public. Such is the case with the severe acute respiratory syndrome (SARS) epidemic in 2003. It was the first serious infectious disease of the twenty first century and questions about its origin and treatment greatly outnumbered the answers.

Infectious epidemics and pandemics have happened all through mankind's history. “They remain the prime cause of death worldwide and will not be conquered during our lifetimes.” The flu of 1918 was one of the deadliest epidemics in history. “It infected an estimated 500 million people worldwide–about one-third of the planet’s population at the time–and killed an estimated 20 million to 50 million victims. More than 25 percent of the U.S. population became sick, and some 675,000 Americans died during the pandemic.” No one knew how the virus spread, there were no antibiotics to fight it, and no flu shots to prevent it. In the final year of World War I, it struck terror in the hearts of people all across Europe and left more death in its wake than the combined military actions of the combatants. “It killed more Americans in a few months than World War I, World War II, the Korean War, and the

Taking after a flare-up of fever among the kids working in their cotton processes, the general population of Manchester, England, started requesting better working conditions in the manufacturing plants. Open weight in the long run

We are first told of this out break in China. However, the starting point of the infection is never presented to us. China try's to cover up the story by having other news articles on the news. They did not want to cause a public outbreak and chaos.

Then, in the fall of 1918, influenza struck. People everywhere fell victim to the Spanish flu, dying of uncontrollable hemorrhaging that filled the lungs and caused the patients to drown (Crane 1). Estimates say that approximately 20 to 40 percent of the world’s population became ill, and the worldwide death toll was around 20 to 40 million (“NVPO” 2). Around 675,000 people died in America alone (Crane 5). The Spanish flu struck quickly; you could feel well in the morning, get sick by noon, and be dead by nightfall (“NVPO” 2). The doctors were unable to cure the Spanish flu, so the people resorted to superstitious practices, such as wearing a

Wild aquatic fowl, ducks in particular, serve as a reservoir for the Influenza virus to transmit into poultry and then to humans. Infected birds shed flu viruses in their saliva, nasal secretions, and feces (CDC, 2004). The current virus seen in Asia is denoted as H5N1 and was first seen in terns in South Africa in 1961 (CDC, 2004). The first human seen infection of the avian H5N1 viruses was in 1997 in Hong Kong in a three- year old boy (Ruben, 2005). The outbreak involved 18 cases and killed 6, one third of the confirmed infected population (Rueben, 2005). In three days 1.5 million birds were killed in order to prevent further spread. A new pandemic is now on the horizon with recent outbreaks in poultry in the eight Asian countries of Cambodia, China, Indonesia, Japan, Laos, South Korea, Thailand, and Vietnam since 2004 (CDC, 2005). As of July 5, 2005, there have been 108 reported human cases of the H5N1 virus with 54 deaths (CDC, 2004). In wake of a

or indirectly. Direct impacts on exports occur due to the human losses and injuries affecting

There were two major happenings that temporarily effected Singapore’s economy between 2001 and 2003—the worldwide electronics slump and the outbreak of Severe Acute Respiratory Syndrome (SARS). Both times, growth bounced back, by world demand for electronics, pharmaceuticals, other manufactured goods, and financial services. The return was mostly contributed to by the economies of its major trading partners—the United States, the European Union, Japan, and China, as well as expanding emerging markets such as India (Bureau of East Asian and Pacific Affairs, 2010). The next

Severe Acute respiratory syndrome (SARS) is a respiratory illness that had recently been reported in Asia, North America, and Europe. SARS was first reported is Asia in February of 2003, over the next few months it spread to more than a dozen countries. By late July 2003, no new cases were being reported and the global outbreak was declared over by the World Health Organization. During this time period 8,098 people worldwide became infected with SARS and out of these 774 died. In the United States a total of 192 SARS cases had been reported, including 159 suspect and 33 probable cases. Of the probable only 8 had laboratory evidence of SARS-CoV infection. Luckily, no SARS relate deaths occurred in the US.

With foreign manufacturing industry entering Singapore market the manufacturing sector and its share in GDP grew from 16.6% in 1965 to nearly 30 % in 1980 and in 1993 manufacturing contributed to about 28 % of the total GDP and accounted for nearly 28% of employment. Singapore’s GDP raise to 13 times between 1960 and 1999. The nation has shown greatly decrease of figure of poverty. (United Nations 2000)

Back to the past, the impact of the extensive outbreak of SAR(Severe acute respiratory syndrome) which is a contagious and sometimes fatal respiratory illness.It began to plague China in February and March 2003, is multi-faceted and is affecting the country politically, economically and socially to various extents. Therefore, the economic recession had occurred in Hong Kong, which led to the reduced industry and many people were