There was a great article in The Economist this week about this. It didn't focus on the medical side as much, as that's not their area of expertise, but on the government side. You can find it on the site here: (
http://www.economist.com/opinion/displaystory.cfm?story_id=13576183), no subscription required.
This swine flu is really going to test global resources, and couldn't come at a worse time. Pressure about the economy can turn in to panic with the threat of imminent infection of a deadly strain of the flu. Government's are already in debt and will likely have to borrow more to protect against potential pandemic. Bond sales would be the obvious choice, but at least in Britain, there's no certainty that that would succeed.
The good news is that as for the financial crisis, we're going to need true co-ordinated multilateral action for any nation's program to have an effect. We're moving closer and closer together, and after we emerge, hopefully governments agree that some reform of the UN must take place so it can act as a central forum for co-ordinated global policies about things other than war. The UN needs to take a larger role in economic and health policies. Just as the spread of financial institutions overseas has given us a shared economic destiny, the increasing availability of air travel means that there needs to be more international co-operation for healthcare.
One problem pointed out in the economist article was the need for better testing facilities. As well as developing a vaccination for this new flu strain, I believe this is where we should be focussing our efforts so that we can more quickly detect epidemics before they become pandemics. However, unlike the economist, I believe a decentralised method is best: say, test strips to test for specific strains or portable cheap laboratories which can identify the strain from a sample. Obviously these will need to be heavily subsidised or even free to make them easily available worldwide, which is necessary in preventing future pandemics.