Sunday, November 29, 2015

Bennett Pope, Chapter 13, Question 3

Disease is an enormous problem in the developing world. Millions of people are killed by diseases leaving orphaned children and widows with even less than they had before. It seems as though modern medicine should be able to put an end to this, but it doesn't. Wheelan says in chapter 13 that the cause of this, essentially, greed. Creating new treatments for diseases can be incredibly profitable if people are willing and able to pay for them. The problem is, those willing and able to pay for them are not, typically, in the developing world. As a result, the vaccinations needed in the developing world are not created because it is difficult to make money that way. The solution Wheelan gives for this is to have governments give monetary incentives to create these vaccinations and treatments. People respond to money, and will be much more likely to research new possibilities for treatment if incentivized. By making people more healthy, they have more time to become more productive, and that will result in growth.

No comments:

Post a Comment