While it is true that the full impact of the virus is difficult to estimate at this time not knowing how long it would last and how many people it is likely to infect, there are enough economic insights and economic logic to inform our expectation and analysis of what is likely to happen and what are the likely costs and the likely manifestations of the expected difficulties. Of course, the longer it takes to stop the escalation of the infection rates, the more people infected, the larger the magnitudes of the resources mobilized to deal with it and the faster these policy programs are implemented are crucial determinants of the expected losses and their impacts.
is Emeritus Professor of Economics at McMaster University, Canada. He taught economics at Purdue University in Indiana, USA, was visiting Scholar at Cambridge University, Fellow of the Institute for Social and Economic Policy at Harvard University, Adjunct Professor with the Faculty of Environmental Studies at York University and served as the Acting Executive Secretary, and Undersecretary General of the United Nations Economic and Social Commission for Western Asia. In 1981 he worked for the United Nations Industrial Development Organization as senior Development Officer and was consultant to the Organization throughout the 1980s and 1990s. He consulted regularly with the UNFAO, UNCTAD, UNILO, UNESCO, UNEP, UNDP and many other international organizations and governments. He authored 12 books) and over 280 papers in refereed academic, professional journals and technical reports.
He holds a Ph.D and M Sc. degrees in Economics from Purdue University, USA. B.A in Economics from the American University of Beirut. He completed three years towards a law degree at the Faculty of Law, Lebanese University 1961-1964. In 1972 he formed Econometric Research Ltd. and has served as its president since then.