Fear of Ebola and its Effect on Economies

In response to Ariella London’s blog post “Ebola: The Effect on Society Leaves Businesses at Risk“, the fear and anxiety over Ebola has caused major upset in social facets and global and economic sectors. Not only is Africa taking a hit economically but with growing concern Ebola may be making its international debut into the US markets through the anxiety of individuals. As of now, countries within Africa that heavily rely on the tourism industry are being threatened and seeing economic slowdown in tourism and trade. This effects Africa socially in correlation to economic slowdown because there is a trend being created through this anxiety of contracting Ebola. It is affecting demand for tourism through hotel booking cancellation and of vacation tours. Many companies and international investors are cancelling visits and some take extreme measures by withdrawing employees from West Africa.

As Ariella stated the Wall Street Journal article tells of a man who had contracted Ebola while in Africa, they mentioned he might have eaten at a restaurant, the Meatball Shop. We can just imagine how many customers remained far away from that local business. If this fear seems irrational, it is. The fear should not be placed on whether we contract Ebola but how this is effecting Africa economically and in a broader sense, in the long run how it will effect international markets negatively.

Works Cited

York, Geoffrey. “Ebola Fears Dragging down African Economies.” The Globe and Mail. 22 Oct. 2014. Web. 5 Nov. 2014.

Dawsey, Josh, Andrew Tangel, and Betsy McKay. “New York Doctor Tests Positive for Ebola.” The Wall Street Journal. Dow Jones & Company, 24 Oct. 2014. Web. 6 Nov. 2014.

“Understanding Pest Analysis with Definitions and Examples.” PESTLE Analysis. 31 Dec. 2013. Web. 5 Nov. 2014. <http://pestleanalysis.com/pest-analysis/>.

 

Leave a Reply

Your email address will not be published. Required fields are marked *