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Global Health And Economy

ID-100216632Economy and health are intertwined and entangled to each other. As the phrase goes “health is wealth”, the economy of and individual as well as that of a nation and of the whole world itself is to a large extent dependent on health. And many a times political and economic concerns have often guided global health interventions and investment on health generally depends on political will. For example the control of yellow fever, was directly related to completion of Panama Canal, because of economic burden of yellow fever, the disease was tried to control (if the Panama Canal was not constructed yellow fever control might have taken much longer time if ever tried to control).

Some economists and demographers argue that economic development is the key to improving the health status of a nation or a region, but many others argue that that ill health is the main barrier to economic development in poor countries. May be the view which combines both these arguments is the correct view and improvement of health status as well as economic development are equally important. But investment in health care, especially by controlling communicable diseases in poor countries can lead to increased productivity and consequently economic development. But many countries and economists are unable to find the necessary resources to start the predicted “virtuous cycle”. Read more…

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Posted by - January 20, 2014 at 1:26 pm

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