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

Fang Wu, Qi Hu, Chenming Zhu, Haitao Wang, Qian Yu and Huaping Sun
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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

IJERPH, 2021, vol. 18, issue 15, 1-23

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.

Keywords: anti-COVID-19 pandemic method; facilitating state; efficient market; capable organization; new structural economics (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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