Events in the world can create a sense of fear, anxiety and concern. While it is important to be informed by trusted news sources, it can be useful to also practice some techniques that help minimise the impact of these events on wellbeing.
Globalisation and global events have wide-ranging impacts, which affect ‘all places’ to different degrees. This is illustrated by analysing a range of examples, including pandemics (such as the Plague, the Black Death and influenza), climate change and natural disasters.
The OECD’s Recommendation on Global Events and Local Development offers guidance on how to ensure that these global events serve as a catalyst for local development. It outlines the key steps that need to be taken, from promoting more sustainable events to developing stronger capacities for local benefits.
We explore how the current economic and social crises, global events and political instability may influence investment. We identify some of the ways this might happen and share practical steps to manage uncertainty during these volatile times.
This article is part of the series ‘Economics in Focus’, a global event on our calendar of awareness-raising days and annual celebrations that we have developed for teachers to support global learning in their classrooms.
As the world continues to face the threat of an emerging global event, it is worth examining how past pandemics have influenced economies. We look at how events have impacted central bank decisions, stock markets and the real economy, as well as the impact of supply chain disruptions on businesses and consumers.
About the Author
