cus on Australia and the effect Foot and Mouth Disease is having on its economy.

A basic understanding of Foot and Mouth Disease is necessary in order to comprehend its economic implications. Foot and Mouth Disease is a highly contagious viral disease

With the above information we can safely assume that England will turn their eyes towards a source of meat and dairy (and other related products) that are safe of the disease that, as we will see later, has caused more havoc than simply pulling the strings of the supply and demand mechanics. In the examination of the steps taken towards re-establishing the equilibrium of the supply and demand model we will focus primarily on Australia, however, it should be noted that other major suppliers of the products in question are also playing their economical part. The United Sates of America and New Zealand are among a few of these countries. According to the laws of supply and demand, when demand outweighs supply producers will eventually “realise there is a large unsatisfied demand consisting of consumers who are willing to pay a higher price”. (Fraser, Gionea, Fraser, 2000: 43) These producers will gradually increase supply at higher prices, eventually satisfying the consumers demand and eventually restoring the equilibrium of supply and demand. In this particular situation one of the producers happens to be Australia.

In conclusion, it is obvious that Foot and Mouth Disease can inflict massive damage upon the country of infection, however from a global perspective the disease offers possible advantages and disadvantages to countries that reside on the opposite of the globe. From the effect on the laws of supply and demand and the various industries affected by this, to international trade and tourism, Foot and Mouth Disease offers a mixed bag of economical surprises. One point remains certain throughout however, Foot and Mouth Disease is currently the most devastating agricultural virus affecting Europe, and although it may give Australian bovines opportunities in Poland, the horrendous casualties inflicted upon a suffering country’s economy are by no means a fair trade.

that affects domesticated and wild cloven-hoofed animals such as cattle, sheep, goats, pigs, deer and camelids. The disease requires only a very small dosage for infection and has quite a small incubation period. Infection can occur through oral and respiratory contact or through contact with membranes and damaged skin. The disease can also travel long distances by airborne dispersal. Infected animals become depressed and lame, going off their feed, and while deathrates are usually low, the enormous damage inflicted by the disease is due to its effect on production levels. Infected animals experience weight loss, a reduction in meat and milk quality and pregnant animals may even abort due to the disease. How does a country’s agricultural community and governmental forces respond to such a rapidly sprea!

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