An Introduction to the Massive Infection Epidemic Diseases Economic Losses Tariff (Miedel-Tariff): The Case of Wuhan-COVID-19
5 Pages Posted: 12 Mar 2020
Date Written: March 11, 2020
Abstract
The damage of Wuhan-COVID-19 from China to the rest of the world economy is costly and countless. The levels of Wuhan-COVID-19 contagious and death cases are increasing exponentially worldwide. Therefore, this document proposes a new form of compensation (or payoff) from China to all countries affected by Wuhan-COVID-19 around the world. This new form of compensation system can help to solve partially the deep damage of Wuhan-COVID-19 through the application of a tariff to all Chinese products and services. This new tariff is entitled "The Massive Infection Epidemic Diseases Economic Losses Tariff (MIEDEL-Tariff).” The idea is to apply the MIEDEL-Tariff to all products and services made in China. This new compensation system can help to solve the economic losses of all countries around the world affected directly and indirectly from the Wuhan-COVID-19.
Keywords: Globalization, Contagious Diseases, Tariff, China, 2019-nCopV, Policy Modeling
JEL Classification: F15
Suggested Citation: Suggested Citation