How Norway Built an Economy That Puts People First

South Korea's economic growth is one of the few that have not stagnated or declined during the coronavirus pandemic. Although much of this is due to how effectively the country handled containment protocols from the start, the overall fiscal response – which included encouraging residents to reinvest government payouts in local businesses – also played a significant role. In one province, this included using non-cash payments "that could only be spent in shops inside the region, rather than as cash that could be hoarded."

The Paycheck Protection Program, a program launched by the federal government to help small businesses survive the coronavirus pandemic, has helped the community in New Hampshire save about 40,000 jobs. Although not all small businesses are keen to take the loan because of the strict stipulations that must be met for it to be forgivable, overall, 7,400 loans have been approved so far.

When Pennsylvania's coronavirus rent relief program rolled out during the first few months of the pandemic, it failed to help many due to strict deadlines, poor information management, a payment cap, and overall procedural limitations. Now, the state is "getting a second chance," and has made modifications to the program in an attempt to avoid the failures of the last round.

In Cleveland, Ohio, several small businesses have joined a co-op of companies using an employee-owned model to help with the financial constraints brought on by the coronavirus pandemic. Although the process of joining the cooperative can be complicated, it has shown promise for increased business stability and, already, employees have reported it has helped with personal finances.

The town of Tenino, Washington has begun to print their own unique money during the coronavirus pandemic to both ward of the economic fallout and help those who are facing financial insecurity. Similar to efforts from the city's past as well as that of other small towns, the locally-printed wooden dollars can only be spent at local businesses and for basic needs, with the mayor explaining, "Amazon will not be accepting wooden dollars.”

The Swiss government's economic stimulus package for small business is being lauded around the world for its speed and efficiency. They have pledged $40 billion in emergency loans to support small businesses during the coronavirus pandemic. The application is only a page long, the loan is interest-free, and businesses receive the money almost immediately. Their success is credited to their insular network of businesses and political elites that made the rollout exceptionally quick.

As restaurants across the nation have been forced to close their doors during the coronavirus pandemic, some are turning to creative means to help account for the loss of revenue. In Philadelphia, restaurants have created a virtual tip jar to encourage patrons to "donate a tip" to a person or business while in San Francisco a restaurant owner has created a Facebook group that helps connect out of work servers with childcare jobs.

During the COVID-19 pandemic, owners of the French bistro Bell's took a financial risk and began investing more money in their employees to incentivize working, increase employee satisfaction and retention and overall drive more profits. The decision has since paid off and is reimagining the traditional restaurant structure.

The coronavirus pandemic highlighted the ways in which the food system is broken, but governments, NGOs, and philanthropists are working to address the discrepancies by connecting small-scale farmers of color with businesses that can purchase their produce at fair rates. “For the first time, they felt connected with a real community. For the first time, they felt they were getting paid what’s right for what they’re growing,” a business advisor for one of the operations explains.

The Japanese government is embracing the idea of "workation" trips for employees across industries as a means to "help the travel industry and keep the economy ticking" as the country moves forward in the wake of the coronavirus pandemic. Discounts for various travel resources have encouraged 4.2 million people to try out the idea which has been made even more feasible due to the widespread adoption of remote teleworking.