Understanding the Economics of Microbial Threats Proceedings of a Workshop (2018) / Chapter Skim
Currently Skimming:
2 The Economics of Global Health and Microbial Threats
2 The Economics of Global Health and Microbial Threats
Pages 7-12
The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.
From page 7... ...
Eliot University Professor of Harvard University, began by asserting that economic analysis has the potential to make significant contributions to the field of global health. He said, It is hard to imagine an area of research, an area of knowledge, an area of human service where the stakes are larger than in global health, where the issues affect literally the difference between life and death for millions, if not tens of millions of people each year.
|
From page 8... ...
The Global Health 2035 Lancet Commission Report established the case that the economic value of improvements in health was substantial relative to the overall economic growth of countries. For instance, reductions in mortality from improved health services were estimated to account for 11 percent of economic growth in low- and middle-income countries over recent years, and certain health investments demonstrated attractive economic benefits exceeding costs by a factor of 1 The MDGs included five goals specifically focused on health: goal 1 on poverty and hun ger; goal 4 on child mortality; goal 5 on maternal health; goal 6 on HIV/AIDS, malaria, and other diseases; and goal 7 on environmental sustainability, including safe water and sanitation (WHO, 2015)
|
From page 9... ...
Incentive design: Economic analysis can contribute to the design of 4. better incentives around both health care provision and medical product development.
|
From page 10... ...
Given the need for greater economic reasoning around the incentives of international assistance, Summers noted that this priority area is an opportunity for collaboration between economics and health researchers. Regarding the fourth priority area, he said economic analysis can provide insight into designing incentives around health care provision and medical product development.
|
From page 11... ...
Additionally, much of the economic cost of emerging infectious disease outbreaks stems from people getting scared of contracting the disease and subsequently changing their behaviors to avoid being infected -- this factor may also call for a different type of modeling. While different methodologies may be needed at times to understand the complexities of the economics of microbial threats, Sands suggested that research silos could be reduced in this field.
|
From page 12... ...
Finally, Sands hoped that the workshop would uncover where and how economic tools could be leveraged to inform choices on investing in critical health interventions.
|
Key Terms
This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
More
information on Chapter Skim is available.