International comparison and benchmarking

COVID-19 has impacted the world. During the pandemic we have witnessed countries responding in different ways to deal with both the health and economic crisis it has caused. International organisations like the IMF and OECD have compared policy responses from different countries that focus upon aspects related to dealing with the economic impacts stemming from COVID-19. In this section offering some international comparison and specifically address the dot points provided below:

• How does Australia's response to the pandemic compare to other nations and what economic implications stem from this? Support your answer by drawing upon evidence from 2 other countries (of your choice) to highlight areas of similarly and difference and comment on what you believe is an effective approach from government to support both short term recovery and long term economic prosperity.
• Discuss why international efforts around the world at combating COVID-19 at a global level is in Australia's (and other nations) nation interest as well. In your answer focus upon the importance of openness within the global economy. Be sure to use relevant examples or evidence to support your answer.