How the New Covid-19 Variant Named Omicron will Disrupt China’s Economy

24 Learning 1
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Article 1: Omicronomics
Principal Theme of the Article
The principal theme illustrates how the new Covid-19 variant named omicron will disrupt China’s economy(The Economist, 2021). For example, to limit the number of infections in the country, the government has instituted tough restrictions on several sectors to reduce the infections. A number of these restrictions have been adopted in business travels.
Key Strategic Issues
The first strategic issue in this article is how the government has instituted a strict policy dubbed ‘zero tolerance’ to curb the spread of the omicron. Under this policy, there are limited and tight rooms for movement and gathering, and the number of international travels has been reduced (The Economist, 2021). The second issue is how this new variant infection could threaten the economy's recovery since most of the business sectors are struggling.
Implications to the Industry/Sector/Country
Since China’s economy has been growing slower in the past few years, the continued disruptions by this virus will set back the country's economy from recovery. For example, the restrictions that have been put in place by the government to control the infections will likely squeeze out the emerging markets since they are also facing the challenge posed by the tight American monetary policies (The Economist, 2021). Moreover, the increased lockdowns will likely hurt innovation and hospitality as the country will likely lag in the services provided in these sectors.
Personal Commentary
In my personal opinion, I think that China’s government is being inconsiderate about the impact of the restrictions they have imposed in their country. They should lessen these strict restrictions and open up their markets while taking additional measures to control the spread.
Article 2: Wider Welcome
Principal Theme of the Article
This article is based on three vital principal themes, namely; the immigration to Canada, the drive to kick out Covid-19 by players such as Lionel Messi, and an analysis of the Domino effect in Guatemala’s courts whereby they seem to be backsliding to curb corruption(The Economist, 2021).
Key Strategic Issues
This article has three key issues; the first is on immigration in Canada, whereby the government is welcoming more immigrants in the country. On this, the article captures how immigrants are the key to the country's economic recovery and can result in the attainment of the long-term prosperity dream (The Economist, 2021). Second, the article outlines how several players are at the forefront of kicking Covid-19 by encouraging supporting the vaccination of players and fans. In this, the critical focus is laid on one of the best players in the world, Lionel Messi, and how he has contributed to numerous vaccinations in South America; lastly, how the Guatemala courts are struggling to curb the increased corruption cases.
Implications to the Industry/Sector/Country
Suppose the three strategic issues in this article are addressed. In that case, there is likely to be a high source of labor in Canada as the immigrants will provid...