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I.
Argument Essay Outline
Introduction
The emergence of the pandemic has affected the economy due to the different restrictions
put into place. Some businesses were utterly run down due to lack of cash flow while many were
left unemployed, increasing unemployment rates. Technology has increased and continues
growing as people move to digitalized working.
II.
Body
A. Origin/Root Cause: What is the earliest moment in history where your issue was a
problem? And/or what is the root cause of your issue?
The hitting of the pandemic in early 2020 led to detrimental factors. The economy
deteriorated as well within the next months. By mid-2020, stock markets had reported to have
fallen so low and the prices lowered more than they had before even in 2008 when there had
been a recession. The rate of unemployment increased by a great margin (Sharif, Aloui, &
Yarovaya, 2020). Many companies were forced to close down due to the restrictions put in place
like the limited movement of people, only essential services could be offered. At the same time,
this led to people being laid off as there was no revenue being paid to sustain them which led to
no cash flow. The covid-19 pandemic came with the different restrictions in place, at the same
time, they led to layoffs, companies closing and generally the economy went down.
B. Historical Moments over time (condensed version of your history section from
Essay 2)
In 2020 when the pandemic hit, things started having a slowdown due to lack of cash
flow. With more sick people, then the economy had to get affected. In 2020 when the pandemic
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hit, things started having a slowdown due to lack of cash flow. Many companies were closed,
institutions put on lock down as well as some of the areas within the cities. Movement to other
countries was shut down. A good example is that people could not travel to other areas which
sectors like tourism and hospitality could not sustain their employees. Another example is that
the pandemic was something new so the extent of the damage that it could cause was unknown
which made restrictions more demanding and limiting. The restrictions were meant to offer a
sense of control.
C. Environmental Scan:
i. Industry/Market
1. Direct supply disruptions hinder production since the disease is
focused on the world's manufacturing heartland (East Asia) and
spreading fast in the other industrial giants – the US and Germany.
Demand disruptions due to (1) macroeconomic drops in aggregate
demand, i.e., recessions, and (2) precautionary or wait-and-see
purchase delays by consumers and investment delays by firms.
(Baldwin, Richard, and Eiichi Tomiura., pg. 4)
2. The above goes to show how demand and supply are affected by
the current situation. With the limited workings of factories, their
production and manufacturing industries are not as productive as
before.
ii. Technology
1. The resulting output contraction size may be attenuated today
thanks to digital technology and cloud-based collaborative
software and databases. These didn't exist when, for example, the
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SARS pandemic struck nearly two decades ago. (Baldwin,
Richard, and Eiichi Tomiura., pg,13)
2. The advancement in technology today has made it easier for the
health care sector to manage the disease.
iii. Regulatory
1. The higher cost of transport and logistics services due to reduced
trading routes for Chinese exports and imports
Reduced entry/allowance and stringent bio-safety and health
compliance requirement of Chinese flag carrier ships, planes, and
vehicles by countries to air, sea, and land ports. ( Barua, Suborna.,
pg. 16)
2. The reduced cases of imports and exports have increased the cost
of transport, making everything increase, therefore increasing the
cost of everything.
iv. Economics
1. Even putting aside concerns about public health, it appears that
there is a significant economic tradeoff whether or not we impose
social distancing — the economic costs of strong social distancing
measures imposed for an entire 12-18 months on the one hand or
the economic costs of a large cumulative burden of lost work time
three due to the disease (Atkeson, Andrew.pg.3)
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2. Social distancing has led to a lot of changes within the business
and economic sectors. Due to that, many costs have gone high, and
that drives costs even in other sectors.
v. Social
1. Characteristics the determine these transition rates
Underlying disease and by the extent of mitigation and social
distancing measures imposed. (Andrew Atkeson, pg. 1)
2. Due to the pandemic, there are a lot of things that have changed.
Socializing has changed as people have to adhere to social
distancing requirements.
vi. Political
1. Likewise, as states and countries were re-opening after the
pandemic's "curve was flattened," the rhetoric and arbitrariness
with which each local government eased the "stay at home" orders
only further showed the divided political perspectives.
In many countries, one political party appealed to the economic
fears of workers and businesses concerned that livelihoods are slipping
away (Zwanka, R. J., & Buff, C, pg. 5)
2. In most countries, leaders are taking advantage of situations to
enhance their personal lives. In some countries like the third world,
they use some of the money to help the populations for personal
gains.
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D. Argument: Reason to support your thesis
The economy has gone wrong after the pandemic. There is limited production within the
manufacturing industries like the closure of companies. This is due to a labour shortage and the
layoffs within the sectors. Also depending on the technology more than the human labor resulted
in job loss for many people. A lot of companies started to depend on technology, like using
zoom, or other technologies, and that resulted in a job loss for many people because those
companies did not need people if they could use online apps, or other technologies to
communicate or to reach the consumer. It has led to limited supply within the market which
reflects on the economy.
E. Argument: Reason to support your thesis
The restrictions put in place cause a limited movement. For instance, People cannot travel
to other countries for business. This could result in an economic decay because there will be not
as many contracts as usual. Another example is that the travel companies, or the tourist industry
in general could not work because of the travel restrictions. This resulted for the airplane
companies, and other companies to close because if people do not travel and pay for travel, then
these people will not be able to continue working. This has led to a decrease in imports and
exports, which has affected the general market.
F. Argument: Reason to support your thesis
Loss of jobs has led people to live between hand and mouth, meaning that they lack any
disposable income to help push the economy up. For instance with no source of money, they
have to live on savings and handouts from well wishers. People will live under some very poor
conditions. For example, they will be able to buy as much as they used to because of the
economy, and when I say buy, I mean almost any type of buys, buying food, clothes, and a lot
more. This goes to show that the rates of spending have decreased and no revenue is going into
the economy.
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G. Repeat Body structure for any additional paragraphs
H. Counterargument:
The pandemic has led to the growth and improvement of some of the sectors. A good
example is within the technology industry. People had to learn how to use technology, especially
when they started working from home, to order things online as they were restricted on
movements.
Another example is the increase in the internet of things. has increased connectivity of
people. Even then, so much has changed, and the economy has deteriorated, and we might have
to be in recession before we can get it running as expected before.
III.
Conclusion
The pandemic is something that has affected everyone around the globe. The topic and
my stance on this issue can help others understand what it has caused in general in a more
in-depth manner. With the knowledge, they can opt to take up measures that will benefit society,
like starting their own business, being innovative and learning to survive amidst this pandemic.
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