AHS-P3-3. Mexico Natural Disasters


Haley Hanners1
Nicholette Olson1
Faculty Mentor: Kimberly Nehls, Ph.D.1
1Lee Business School, Department of Marketing and International Business

ABSTRACT
For centuries Mexico has faced numerous natural disasters that have taken a toll on the country’s economy, human capital, and left the country in a state of uncertainty. When most people think back to some of the most devastating tragedies in Mexico, they may reflect on those such as Hurricane Wilma or the 1985 Earthquake. However, the Covid-19 pandemic may quickly surpass previous natural disasters and continue to contribute to the financial hardships in Mexico. Both qualitative and quantitative data show that Covid-19 has cost the country millions of dollars in healthcare, unemployment, and other additional expenses, leaving the country in a state of financial instability. As Covid started to become the global epidemic it is today, the unemployment rate in Mexico began to increase, increasing over one percent from May to June 2020. As of January 18, 2021, the cost of the pandemic has already reached 924 million dollars, nearly reaching the cost of the 1985 earthquake. The average cost to treat Covid in Mexico is $20,000, more than many people make in a year in Mexico. At-home treatment also costs around $3,000. Families have been financially ruined trying to fight for their loved ones’ lives. If continuing at this rate the Covid-19 pandemic will surpass the 1985 Earthquake and Hurricane Gilbert in cost. This intense financial burden on the country and its citizens can leave the country heavily damaged in the short and long term future.

Date

Nov 15 - 19 2021
Expired!

Time

All Day

Labels

AHS: Poster Session 3
The Office of Undergraduate Research

Organizer

The Office of Undergraduate Research
Phone
702-895-4771
Email
our@unlv.edu
Website
http://unlv.edu/our

Speakers

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