The Price of Human Error

Abstract

This research paper ponders upon the impact of a global health economic crisis in the emerging economies i.e. Indian and Chinese economy. The word ‘price’ applied in this research paper is not to analyse the monetary loss but also to highlight the physchological loss which cannot be measured in monetary value such as job loss, physchological fear of being infected, unavailability of life necessities, incompetency of fulfilling the daily needs to stay alive, issues of migrating, loss of dear ones on whom several families are financially dependent and barriers to freedom. This paper has been articulated to argue and judge the price borne by every citizen of the Indian and Chinese economy. Moreover, the intention is not only to anatomize the financial and economic depression faced by the Indian and Chinese economy but also to make the world economy realize and question the reckless and novice attitude of modern homo-sapiens based on their weak administration and governance while running the two emerging economies. Secondly this research raises eyebrows towards analysing price and the extent of irresponsible behaviour and administration that is suffered the by billions in Chinese and Indian economy. The research conveyed based on coronavirus impact through statistical and qualitative reading and arguments, highlights the alarming stage for both the emerging economies as they are nearing to a future rise in the echelon of current multidimensional and chronic poverty and deprivation.