The Group 20 London Summit, Healthcare Economics and Global Healthcare Policies

Posted by Mark Fernando on 26 March 2009

When there is a global economic and fiscal crisis, one area of international development policy that could be adversely affected is regarding healthcare policies. If there are major adverse effects upon healthcare economics and healthcare policies, for nation states, groups of nations and globally, these would have very serious implications for the future economic productivity and prosperity of all nations in the world. Therefore, the aim of this paper is to argue that healthcare economics, healthcare policies and global healthcare initiatives are particularly vital and central towards the entirety of global economic stimulations. Such healthcare economic policy drivers, not only assist in providing required economic stimulations, together with other economic spending policies, but can also assist in providing new international policy directions towards solving some of the world's most significant problems. From this perspective, international healthcare economics and healthcare policies can be utilised as highly significant policy instruments, for enhancing international relations and as key paradigmatic components in diplomatic policies. International healthcare policies could even contribute towards and enable major conflicts to be defused. Healthcare is a primary human necessity for all peoples of the world and the inclusion of healthcare policies, within a range of other international economic policies, can only contribute towards a better and a more decent world. The effective utilisation of healthcare economics as a major policy instrument and the more rigorous development of international healthcare policies, can provide additional sources of economic stimulation, whilst being of particular value and significance in enabling and assisting in the wider economic recovery of all nations. The Group 20 London Summit is a key moment to bring these policy issues into sharp focus upon the global stage. Healthcare policies and aspects of healthcare economics have become increasingly important to some individual nations of the world. However, as a highly significant economic stimulus towards the general well being of populations, this paper is to argue that there are vast benefits to economic prosperity that can be gained by focusing upon the development of healthcare policies, at national and international levels, for the mutual benefit of all nations. This is due to the economic factors that can contribute towards the general health and well being of all populations. These economic policy modelling factors mean that the existence and the provision of healthcare economics and healthcare policies, can with certainty provide highly significant economic drivers towards the general health and well being of nation states, larger communities, wider groups of country regions and larger global geographic areas also. There are recent examples of individual countries such as the USA, that are making vast changes in their own domestic healthcare policies. There is the widely accepted recognition that the provision of strengthened healthcare facilities, to any given population can vastly improve the quality of life and the productivity of any country. If this can be combined with new policy initiatives and directions towards collaborative public – private partnerships with international pharmaceutical and medical companies, much more could be accomplished, in the alleviation of suffering and by providing proportionate healthcare, where it is needed most. This can be achieved by enabling healthcare facilities to exist where there are the most basic of facilities and where there are no such facilities currently available. These policy directions can make vastly significant contributions as proportionate economic drivers that can contribute towards the economic success of regional communities, nation states and in the long term, humanity more widely. This paper wishes to suggest that there is the highly significant and an urgent need for creative new policy initiatives that can enable participatory healthcare economics and policy-making to provide additional economic stimuli, within wider economic systems to create what can be termed as, participatory healthcare economic policy engines, that are able to drive even the most stagnant and most unproductive regions of the world, towards a more productive and thereby a more prosperous future. There can be very great achievements that are made by the enabling of such participatory healthcare economic policy engines, driving communities, nations and the wider country groupings towards increased economic productivity and prosperity. This form of healthcare economics policy modelling requires a basic paradigmatic shift, that can enable the healthcare policies of nations to be placed as a high priority in their public policies. This can mean that naval medicine and aero medicine facilities that are utilised currently only for military purposes, can be deployed as part of wider humanitarian policies, of course, with the consent and the collaboration of regional groupings and national governments, for each region under consideration. Therefore, to consider the implications and the collaborations that are possible, by considering our common humanity with the entire world, a wider ranging set of policy initiatives that places an emphasis upon healthcare economics and healthcare policies, as a part of economic stimulation, can make a vast difference to many across the globe. The Group 20 London Summit is an ideal opportunity to begin considering the implications and the possibilities of these international healthcare economics and healthcare policy-making ideas. By the utilisation of possible macro and microeconomic, participatory healthcare economic policy engines, there can be many shared economic benefits that can be realised by all participating nations. Such economic benefits can also make highly significant diplomatic contributions towards enhancing international relations between nation states and regional groupings of countries, whilst providing added economic stimuli to assist in global economic recoveries.

Dr Mark Fernando, Executive Director, Humanitarian Healthcare & Research Fellow, University of Kent, England, United Kingdom