Financial
According to the New York Times, due to the H5N1 threat, as of March 2006:
- "governments worldwide have spent billions planning for a potential influenza pandemic: buying medicines, running disaster drills, developing strategies for tighter border controls."
On November 1, 2005 President Bush unveiled the National Strategy To Safeguard Against The Danger of Pandemic Influenza backed by a request to Congress for $7.1 billion to begin implementing the plan.
On January 18, 2006 donor nations pledged two billion US dollars to combat bird flu at the two day International Pledging Conference on Avian and Human Influenza held in China. Over ten billion dollars have been spent and over two hundred million birds have been killed to try to contain H5N1.
Investment strategies are being altered to manage the effects of H5N1. This changes the valuations of trillions of dollars worth of stocks worldwide as investors move assets in accordance with both fears and hopes.
Poultry farming practices have changed due to H5N1:
- killing millions of poultry
- vaccinating poultry against bird flu
- vaccinating poultry workers against human flu
- limiting travel in areas where H5N1 is found
- increasing farm hygiene
- reducing contact between livestock and wild birds
- reducing open-air wet markets
- limiting workers contact with cock fighting
- reducing purchases of live fowl
- improving veterinary vaccine availability and cost.
For example, after nearly two years of using mainly culling to control the virus, the Vietnam government in 2005 adopted a combination of mass poultry vaccination, disinfecting, culling, information campaigns and bans on live poultry in cities.
The cost of poultry farming has increased, while the cost to consumers has gone down due to fears from H5N1 driving demand below supply, resulting in devastating losses for many poultry farmers. Poor poultry farmers can't afford mandated measures keeping their bird livestock from contact with wild birds (and other measures) thus risking losing their livelihood altogether. Multinational poultry farming is increasingly becoming a profit loser as H5N1 achieves status as endemic in wild birds worldwide.
Financial ruin for poor poultry farmers, that can be as severe as threatening starvation, has caused some to commit suicide and many others to stop cooperating with efforts to deal with H5N1; further increasing the human toll, the spread of the disease and the chances for a pandemic mutation.
Read more about this topic: Social Effects Of H5N1
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