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Vulnerable to the Virus: Globally-Oriented Manufacturing Firms at Risk From the Spread of COVID-19

Author

Listed:
  • SA Quimbo

    (House of Repsesentatives, Batasan Complex, Constitution Hills, Quezon City)

  • CT Latinazo

    (House of Repsesentatives, Batasan Complex, Constitution Hills, Quezon City)

  • JW Peabody

    (QURE Healthcare, UCSF and UCLA)

Abstract

COVID-19 risk assessment is multi-faceted. The highly infectious nature of the virus in a naïve population, the high case fatality rate and health system over-burdening each need to be considered in developing a strategy to control the spread of the virus and mitigate its health and economic consequences. This note provides a framework for classifying LGUs by degree of risk and identifies policy options for each risk scenario. It urges the Department of Health (DOH) to: (i) re-assess risk levels of local government units (LGUs), (ii) undertake a 100 percent identification of place of residence of all COVID-19 confirmed cases and 100 percent reporting of number of isolation beds and ventilators by all hospitals, and (iii) develop and immediately implement a COVID-specific disease surveillance protocol, including mass testing, contact tracing, and quarantine. Careful and diligent implementation of these protocols will allow a gradual yet cautious and informed re-opening of the economy.

Suggested Citation

  • SA Quimbo & CT Latinazo & JW Peabody, 2020. "Vulnerable to the Virus: Globally-Oriented Manufacturing Firms at Risk From the Spread of COVID-19," UP School of Economics Discussion Papers 202007, University of the Philippines School of Economics.
    • Handle: RePEc:phs:dpaper:202007
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    File URL: https://econ.upd.edu.ph/dp/index.php/dp/article/view/1530
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    Keywords

    COVID-19; Philippines; risk-assessment;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies

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