Understanding the Economics of Microbial Threats—A Workshop

When: June 12, 2018 - June 13, 2018 (8:30 AM Eastern)

Topics Diseases, Global Health, Public Health, Health Security
Activity: Forum on Microbial Threats
Board: Board on Global Health

Join us for a 1.5-day public workshop that will examine the interaction of economic activity and microbial threats, including infectious disease outbreaks and antimicrobial resistance. The workshop will focus on the need for key metrics of risk and analytical tools to provide a comprehensive understanding of the economic risk that microbial threats pose. We will also explore approaches to incorporating estimates of infectious disease risk to overall macroeconomic assessments of economic growth in countries to incentivize actions that minimize these threats.

Featuring presentations on topics including: 

  • Economic costs from infectious diseases that may place a disproportionate burden on low- and middle-income countries but impact regional and global stability due to interconnected financial systems worldwide.
  • Gaps in assessing economic costs of microbial threats through multiple channels of disruption, including dynamics of fear-based behavioral change.
  • Critical opportunities and challenges to model and develop metrics of risk and to build analytical tools to understand the potential economic consequences of infectious diseases on the short, medium, and long term.
  • Strategies to incorporate estimates of infectious disease risk to overall macroeconomic assessments of economic growth to ensure the risks are reflected in financial markets and business investment decisions or influence flows of development assistance, and to link these assessments to incentives for action to minimize the threats.
  • Implications for the International Health Regulations, particularly on trade and travel measures, as well as for upstream and downstream strategies, policies, and interventions—such as effective communication messages, simulation exercises, investment decisions, and One Health approaches—that various sectors of government, multilateral institutions, and others may carry out in preventing and mitigating the economic costs.
  • Collaboration and coordination mechanisms among various stakeholders and across sectors in public health, animal health, economics, travel, trade, commerce, agriculture, among others.

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