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  • Home
  • About RSIS
      • Introduction
      • Building the Foundations
      • Welcome Message
      • Board of Governors
      • Staff Profiles
        • Executive Deputy Chairman’s Office
        • Dean’s Office
        • Management
        • Distinguished Fellows
        • Faculty and Research
        • Associate Research Fellows, Senior Analysts and Research Analysts
        • Visiting Fellows
        • Adjunct Fellows
        • Administrative Staff
      • Honours and Awards for RSIS Staff and Students
      • RSIS Endowment Fund
      • Endowed Professorships
      • Career Opportunities
      • Getting to RSIS
  • Research
      • Research Centres
        • Centre for Multilateralism Studies (CMS)
        • Centre for Non-Traditional Security Studies (NTS Centre)
        • Centre of Excellence for National Security (CENS)
        • Institute of Defence and Strategic Studies (IDSS)
        • International Centre for Political Violence and Terrorism Research (ICPVTR)
      • Research Programmes
        • National Security Studies Programme (NSSP)
        • Studies in Inter-Religious Relations in Plural Societies (SRP) Programme
      • Future Issues and Technology Cluster
      • [email protected] Newsletter
      • Other Research
        • Science and Technology Studies Programme (STSP) (2017-2020)
  • Graduate Education
      • Graduate Programmes Office
      • Overview
      • MSc (Asian Studies)
      • MSc (International Political Economy)
      • MSc (International Relations)
      • MSc (Strategic Studies)
      • NTU-Warwick Double Masters Programme
      • PhD Programme
      • Exchange Partners and Programmes
      • How to Apply
      • Financial Assistance
      • Meet the Admissions Team: Information Sessions and other events
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      • Alumni
      • Asia-Pacific Programme for Senior Military Officers (APPSMO)
      • Asia-Pacific Programme for Senior National Security Officers (APPSNO)
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      • Terrorism Analyst Training Course (TATC)
  • Publications
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        • Annual Reviews
        • Books
        • Bulletins and Newsletters
        • Commentaries
        • Counter Terrorist Trends and Analyses
        • Commemorative / Event Reports
        • IDSS Paper
        • Interreligious Relations
        • Monographs
        • NTS Insight
        • Policy Reports
        • Working Papers
        • RSIS Publications for the Year
      • Glossary of Abbreviations
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        • Journal Articles
        • Edited Books
        • Chapters in Edited Books
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      • Policy-relevant Articles Given RSIS Award
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    • RSIS
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    • Novel Coronavirus: A Political and Economic Risk Assessment
    • Authored Books
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    Novel Coronavirus: A Political and Economic Risk Assessment
    by Kalicharan Veera Singam

    08 February 2020

    The number of those infected with the novel coronavirus is in the tens of thousands. There are reports of a community level spread in a few countries.

    As the extended Lunar New Year holiday draws to a close in China, the full political and economic impacts of the pandemic are beginning to be felt. On the first day of its opening since the outbreak, the Shanghai Composite Index dropped around 9 percentage points. Major disruptions to economic and social activities are having their impact felt on businesses in the region and beyond.

    The political impact of the outbreak may be most pronounced within China. The crisis will be seen as a test on the Chinese government’s, and in particular, President Xi Jinping’s leadership. If the crisis escalates further and inflicts significant damage on an already slowing Chinese economy, it would make a dent on its citizens’ perceptions of the regime’s credibility and competence.

    … According to the World Economic Forum, all major infectious outbreaks and pandemics in the past had extensive impact on the global economy. The 2003 SARS epidemic resulted in a loss of over $40 billion in productivity. The Ebola outbreak in West Africa in 2014 – 2016 sliced $53 billion from the global economy. The cost of the 2009 H1N1 influenza pandemic was estimated at between $45-55 billion. Given China’s interconnectedness to the global economy, the rapid spread of the novel coronavirus is likely to have an even bigger impact on the global economy.

    … Kalicharan is a Researcher at the S. Rajaratnam School of International Studies (RSIS), Nanyang Technological University, Singapore. He writes on the politics of South and Southeast Asia and on Asian security issues. Most recently, he analysed the tactics of the terrorist group Abu Sayyaf, after the group’s pledge of allegiance to the so-called Islamic State.

    Categories: Op-Eds
    Source: All Asia Affairs
    Citation: Kalicharan Veera Singam, “Novel Coronavirus: A Political and Economic Risk Assessment”, All Asia Affairs, 8 February 2020

    Last updated on 10/02/2020

    The number of those infected with the novel coronavirus is in the tens of thousands. There are reports of a community level spread in a few countries.

    As the extended Lunar New Year holiday draws to a close in China, the full political and economic impacts of the pandemic are beginning to be felt. On the first day of its opening since the outbreak, the Shanghai Composite Index dropped around 9 percentage points. Major disruptions to economic and social activities are having their impact felt on businesses in the region and beyond.

    The political impact of the outbreak may be most pronounced within China. The crisis will be seen as a test on the Chinese government’s, and in particular, President Xi Jinping’s leadership. If the crisis escalates further and inflicts significant damage on an already slowing Chinese economy, it would make a dent on its citizens’ perceptions of the regime’s credibility and competence.

    … According to the World Economic Forum, all major infectious outbreaks and pandemics in the past had extensive impact on the global economy. The 2003 SARS epidemic resulted in a loss of over $40 billion in productivity. The Ebola outbreak in West Africa in 2014 – 2016 sliced $53 billion from the global economy. The cost of the 2009 H1N1 influenza pandemic was estimated at between $45-55 billion. Given China’s interconnectedness to the global economy, the rapid spread of the novel coronavirus is likely to have an even bigger impact on the global economy.

    … Kalicharan is a Researcher at the S. Rajaratnam School of International Studies (RSIS), Nanyang Technological University, Singapore. He writes on the politics of South and Southeast Asia and on Asian security issues. Most recently, he analysed the tactics of the terrorist group Abu Sayyaf, after the group’s pledge of allegiance to the so-called Islamic State.

    Categories: Op-Eds
    Source: All Asia Affairs
    Citation: Kalicharan Veera Singam, “Novel Coronavirus: A Political and Economic Risk Assessment”, All Asia Affairs, 8 February 2020

    Last updated on 10/02/2020

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    Novel Coronavirus: A Political and Economic Risk Assessment
    The number of those infected with the novel coronavirus is in the tens of thousands. There are reports of a community level spread in a few countries. As the extended ...
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