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The Future of Healthcare around the World: Four indices integrating Technology, Productivity, Anti-Corruption, Healthcare and Market Financialization

Author

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  • Julia M. Puaschunder

    (The New School, USA)

  • Dirk Beerbaum

    (Frankfurt School of Finance and Management, Frankfurt am Main)

Abstract

The currently ongoing COVID-19 crisis has challenged healthcare around the world. The global solution against global pandemic spreads but also to provide essential healthcare is likely to feature components of technological advancement and economic productivity as a starting ground for vital solution finding. Anti-corruption is a necessary prerequisite for access to and quality of healthcare provision in the public sphere. Market innovation financialization of a society raises private sector funds for research and development but also funds the market-oriented implementation of healthcare, which appears beneficial and efficient in combating future healthcare crises. Technology-driven growth, corruption free-healthcare and well-funded markets fostering innovation account for the most prospective public and private sector remedies of the global COVID-19 crisis. These ingredients differ vastly around the world. This paper innovatively combines the mentioned facets in four indices. Highlighting international differences in economic starting positions as well as public and private sector healthcare provision potential around the world serves as indicator where in the world global pandemic medical solutions may thrive in the future. Reflecting the different pandemic crisis alleviation ingredients concurrently allows to capture unknown interaction effects. Pegging remedy credentials to certain regions of the world also holds invaluable insights on what territories of the world should take the lead in different sectors when bundling our common world efforts to overcome the COVID-19 pandemic together. Index 1 highlights the connectedness of Artificial Intelligence (AI) – as operationalized by internet connectivity – with economic productivity – measured in Gross Domestic Products (GDP) – around the world. Index 2 captures the degree of anti-corruption in its relation with a strong public healthcare sector over an entire world sample. Index 3 integrates internet connectivity with anti-corruption and promising healthcare internationally. Index 4 shows the impact of internet connectivity, GDP, anti-corruption, healthcare in light of market capitalization prospects with special attention to technological innovations in the digital age. In its entirety, the four indices highlight different facets of the future of medical care in order to bundle our common efforts strategically in overcoming COVID-19 and thriving in a healthier and more digitalized world to come.

Suggested Citation

  • Julia M. Puaschunder & Dirk Beerbaum, 2020. "The Future of Healthcare around the World: Four indices integrating Technology, Productivity, Anti-Corruption, Healthcare and Market Financialization," Proceedings of the 18th International RAIS Conference, August 17-18, 2020 021jpmd, Research Association for Interdisciplinary Studies.
    • Handle: RePEc:smo:apaper:021jpmd
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    References listed on IDEAS

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    Cited by:

    1. Julia M. Puaschunder, 2020. "From Homo Oeconomicus to Homo Praeventicus," Proceedings of the 19th International RAIS Conference, October 18-19, 2020 023jpm, Research Association for Interdisciplinary Studies.
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    3. Julia M. Puaschunder, 2020. "Inequality in the 21st Century: Climate, Digital Skills and Access to Education," Scientia Moralitas Conference Proceedings 010jmp, Research Association for Interdisciplinary Studies.

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    More about this item

    Keywords

    Access to healthcare; Advancements; AI-GDP Index; Apps; Artificial Intelligence (AI); Coronavirus; Corruption-free maximization of excellence and precision; Corruption Perception;
    All these keywords.

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