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New Structural Economic Analysis of Anti-COVID-19 Pandemic Model of BEST Region

Author

Listed:
  • Fang Wu

    (School of International Pharmaceutical Business, China Pharmaceutical University, Nanjing 211198, China)

  • Qi Hu

    (School of International Pharmaceutical Business, China Pharmaceutical University, Nanjing 211198, China)

  • Chenming Zhu

    (School of International Pharmaceutical Business, China Pharmaceutical University, Nanjing 211198, China)

  • Haitao Wang

    (School of International Pharmaceutical Business, China Pharmaceutical University, Nanjing 211198, China)

  • Qian Yu

    (School of International Pharmaceutical Business, China Pharmaceutical University, Nanjing 211198, China)

  • Huaping Sun

    (School of Finance & Economics, Jiangsu University, Zhenjiang 212013, China)

Abstract

The successful anti-COVID-19 pandemic model of BEST region (Beijing-Seoul-Tokyo) includes China, Japan and South Korea, which benefit from its well-functioning organizational ecosystem and specific anti-COVID-19 pandemic strategies. Under the premise of an efficient market, the capable organizations of China, Japan and South Korea will play the dynamic function of coordination and organic connection. They will also help improve the governance efficiency of facilitating state in different stages of fighting against the pandemic. This article follows the analytical logic of the new structural economics, taking the factor endowment and its structure as the starting point for the analysis, through the comparative advantage operation mode determined by the market, and based on the collaborative anti-COVID-19 pandemic perspective of the government, the market and various social organizations, to build a framework for the facilitating state-efficient market-capable organization. The key to the success of the anti-COVID-19 pandemic method in China, Japan and South Korea is organically coordinated between government, market and organizations. Based on the effective promotion of micro-organizations, governments organize resource integration and implement macro-control of the market. A dynamic balance between economic governance and pandemic prevention and control has been achieved by optimizing the endowment structure of resources, improving infrastructure and reducing system costs.

Suggested Citation

  • Fang Wu & Qi Hu & Chenming Zhu & Haitao Wang & Qian Yu & Huaping Sun, 2021. "New Structural Economic Analysis of Anti-COVID-19 Pandemic Model of BEST Region," IJERPH, MDPI, vol. 18(15), pages 1-23, July.
    • Handle: RePEc:gam:jijerp:v:18:y:2021:i:15:p:7822-:d:600021
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    References listed on IDEAS

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    Cited by:

    1. Linhai Zhao & Ehsan Rasoulinezhad & Tapan Sarker & Farhad Taghizadeh-Hesary, 2023. "Effects of COVID-19 on Global Financial Markets: Evidence from Qualitative Research for Developed and Developing Economies," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 35(1), pages 148-166, February.
    2. Xingtian Chen & Wei Gong & Xiaoxu Wu & Wenwu Zhao, 2021. "Estimating Economic Losses Caused by COVID-19 under Multiple Control Measure Scenarios with a Coupled Infectious Disease—Economic Model: A Case Study in Wuhan, China," IJERPH, MDPI, vol. 18(22), pages 1-19, November.

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