Pharmaceutical And The Developing World

Journal of Economic Perspectives-Volume 16, Number 4-Fall 2002-Pages 67-90 Pharmaceuticals and the Developing World Michael Kremer Pharmaceuticals create brought dire wellness benefits to developing countries, but existing pharmaceuticals argon oft underused or misused, and pharmaceutical R&D on health problems specific to poor countries is woe luxurianty inadequate. The role of pharmaceuticals and medical examination engineering science in improving health in developing countries stands in contrast to the historical experience of the create countries. Historically, health in currently developed countries improved largely due to higher(prenominal) incomes and consequent improvements in nutrition, sanitation and water supplies. Fogel (1986) finds that half of the exasp datete in standardized British finale judge and 70 percent of the decline in standardized American death rates between 1700 and 1980 occurred before 1911, in an era with a couple of(prenominal) ef fective medicines. However, modern medical technologies offer tremendous improvements in health even at modest income levels. The outward mooring of the technological frontier is illustrated by Vietnam, which has a heart expectancy of 69 years despite a per capita income that according to formalised statistics is less than one-tenth that of the United States in 1900, which had a 47-year behavior expectancy.

1 To take another example, per capita gross domestic product in low-income sub-Saharan Mrican nations decreased 13 percent from 1972 finished 1992, but life expectancy increased by 10 percent, Data are from Balke and Gordon (1989),Johnston and Williamson (2002), Kurian (1994) and World Bank (200lb). Even if gross domest! ic product growth in the United States were underestimated by two component part points annually, 1900 U.S. per capita GOP exceeds Vietnams current per capita GOP. 1 Michael Kremer is professor ofEconomics, Harvard University, Cambridge, Massachusetts, Senior Fellow, The Brookings Institution, Washington, D. C., and Research Fellow, national Bureau of Economic Research, Cambridge,...If you need to get a full essay, order it on our website: OrderEssay.net

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