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

Research Association for Interdisciplinary Studies Conference Proceedings of the 18th Interdisciplinary RAIS conference at Princeton University, Princeton, New Jersey, United States, August 17-18, 2020, pp. 164-185. [Held online due to COVID-19].

23 Pages Posted: 6 Aug 2020 Last revised: 3 Sep 2020

See all articles by Julia M. Puaschunder

Julia M. Puaschunder

Harvard University; New School for Social Research; Columbia University; Princeton University; George Washington University Center for International Business Education and Research; The New School - Bernard Schwartz Center for Economic Policy Analysis (CEPA)

Dirk Beerbaum

Aalto University - Department of Accounting and Finance

Date Written: July 28, 2020

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.

Keywords: Access to Healthcare, Advancements, AI-GDP Index, Apps, Artificial Intelligence (AI), Coronavirus, Corruption-Free Maximization of Excellence and Precision, Corruption Perception (CPI)-Global Connectivity (GCI) Index

Suggested Citation

Puaschunder, Julia M. and Beerbaum Dr., Dirk, The Future of Healthcare around the World: Four Indices Integrating Technology, Productivity, Anti-Corruption, Healthcare and Market Financialization (July 28, 2020). Research Association for Interdisciplinary Studies Conference Proceedings of the 18th Interdisciplinary RAIS conference at Princeton University, Princeton, New Jersey, United States, August 17-18, 2020, pp. 164-185. [Held online due to COVID-19]. , Available at SSRN: https://ssrn.com/abstract=3662010 or http://dx.doi.org/10.2139/ssrn.3662010

Julia M. Puaschunder (Contact Author)

Harvard University ( email )

24 Oxford Street
Cambridge, MA 02138
United States

New School for Social Research ( email )

6 East 16th Street
New York, NY 10003
United States

Columbia University ( email )

3022 Broadway
New York, NY 10027
United States

Princeton University ( email )

22 Chambers Street
Princeton, NJ 08544-0708
United States

George Washington University Center for International Business Education and Research ( email )

2023 G Street NW
Washington, DC 20052
United States

The New School - Bernard Schwartz Center for Economic Policy Analysis (CEPA) ( email )

80 Fifth Ave.
5th Floor
New York, NY 10027
United States

Dirk Beerbaum Dr.

Aalto University - Department of Accounting and Finance ( email )

P.O. Box 1210
Helsinki, 00100
Finland

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
21
Abstract Views
159
PlumX Metrics