US vs. China Which Country Did a Better Job in Containing COVID-19?

DOI

10.2991/assehr.k.211209.531How to use a DOI?

Keywords

COVID-19; Economic impact; Technology; Government Regulation

Abstract

The COVID-19 pandemic has caused the deaths of hundreds and thousands, casting an unprecedented public health crisis that impacted government regulations, national economy, and the research and development of new technologies. As leading powers of the world, the United States and China put forth various safety precautions, expansionary economic policies to put the nations back on their feet in their unique ways. This study aims to understand the impacts of the COVID-19 pandemic on specific spectrums that entails the government’s role in controlling the virus, the economy, and technology in China and the United States. At the same time, the study servers to analyze the difference between the two countries in the ways they dealt with the COVID-19 situation through the areas mentioned above and why these disparities occur through synthesizing previous findings of related topics. Analysis of the political environment between China and the United States was adopted to compare the difference between government regulation methods. The supply and demand model was used to evaluate expansionary economic practices and their effects on both countries. Lastly, a cost-effectiveness analysis was selected to understand the efficacy of technologies developed in both countries to combat the virus. After close inspection, it found that China has achieved better results in virus control through government regulation than the United States under its unique political environment that enables a timely response. Both the United States and China have adopted economic recovery practices that are suitable for their country. The technology innovation in the COVID-19 vaccine and vaccination rate of the United States is worth learning and recommended in China.

Copyright

© 2021 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Zhangsiwen Yue
PY  - 2021
DA  - 2021/12/15
TI  - US vs. China Which Country Did a Better Job in Containing COVID-19?
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 3253
EP  - 3261
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.531
DO  - 10.2991/assehr.k.211209.531
ID  - Yue2021
ER  -