Abstract. Globalization describes how nations, peoples, and economies are becoming increasingly interconnected and interdependent. Globalization has contributed to health improvements through diffusion of new health knowledge, low-cost health technologies, and human rights.
The second part reviews the globalization of health care. Trade in health services is addressed in its four basic forms: (1) export of services; (2) the international movement of health care consumers; (3) the international movement of health care providers; (4) and the establishment of facilities in other countries.
For several reasons, medicine and healthcare are uniquely affected by the trend toward globalization. First, medicine benefits from a truly universal reach, embracing virtually the entire world. There are few industries more essential to humanity, and the common desire for health spans the globe.
Though different in many respects from other types of services, health care services are also impacted by globalization. For example, some countries, especially developing ones, can attract customers by offering high quality health care at a lower cost than is available in their home country.
Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.
Since there is a large literature linking income of the poor to health status, we can be reasonably confident that globalization has indirect positive effects on nutrition, infant mortality and other health issues related to income.
According to Richard Feachem, PhD, DSc, author of Globalization is Good for Your Health , globalization has had an overall positive impact on health, especially for people in developing nations.
Globalized nursing Globalization in the health-care system removes borders and brings systems, structures, and processes in the health care area closer in all over the world.
The globalization of information technol- ogies has enabled public health professionals to exchange knowledge and experience to an unprecedented degree. This exchange, in turn, has accelerated the dissemination of certain values, beliefs and practices in health care across national settings.
In general, globalization decreases the cost of manufacturing. This means that companies can offer goods at a lower price to consumers. The average cost of goods is a key aspect that contributes to increases in the standard of living. Consumers also have access to a wider variety of goods.
Globalization also have its side effects to the developed nations. These include some factors which are jobs insecurity, fluctuation in prices, terrorism, fluctuation in currency, capital flows and so on.
Positive Impacts of Globalization Adopting globalization increases free trading opportunities between countries. This allows business organizations in developed countries to invest in developing countries. As the communication between the countries becomes open sharing of information became easier due to globalization.
Globalization in the health-care system removes borders and brings systems, structures, and processes in the health care area closer in all over the world. [8] By removing borders, nursing systems of different countries come closer to each other, and they will become more similar in systems, structures, and processes.
In general, globalization decreases the cost of manufacturing. This means that companies can offer goods at a lower price to consumers. The average cost of goods is a key aspect that contributes to increases in the standard of living. Consumers also have access to a wider variety of goods.
According to Richard Feachem, PhD, DSc, author of Globalization is Good for Your Health , globalization has had an overall positive impact on health, especially for people in developing nations.
Comparison Table for Advantages and Disadvantages of GlobalizationAdvantagesDisadvantagesGlobalization has helped provide better services to people worldwide and increased the GDP rate.Globalization can increase the unemployment rate since it demands higher-skilled work at a lower price.4 more rows•Jan 17, 2022