Healthcare Inequality in the Digital 21st Century: The Case for a Mandate for Equal Access to Quality Medicine for All

Proceedings of the Unequal World Conference of the United Nations, United Nations New York, New York, United States, September 28-29 (2020)

1 Pages Posted: 26 Aug 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: August 23, 2020

Abstract

The currently ongoing COVID-19 crisis challenges health around the world. Public and private sector healthcare provision differs between countries. On an interconnected globe with a highly mobile 21st century population and a most contagious virus, healthcare appears as internationally-interdependent as never before in the history of humankind. More than ever before pandemic precaution requires globally-carried solutions and risks management based on internationally-harmonized action. The endeavor of a commonly healthy world is challenged in light of the nowadays unprecedentedly-blatant healthcare inequality around the world.

Based on macroeconomic modelling, our empirical research brought forward four indices shedding light on health inequality in the 21st digital century. International data on digitalization, economic prosperity, healthcare standards and innovation market financialization revealed that Europe and North America feature excellent starting positions on economic productivity and relatively low levels of corruption. Internet connectivity and high Gross Domestic Product are likely to lead on AI-driven big data insights for pandemic prevention, of which Europe, Asia and North America have optimal global healthcare leadership potential. Europe benefits from highest standards on public preventive medical care, while the United States has the most prosperous market financialization to advance medical innovations. Oceania performs well on general healthcare but has comparatively less international medical market power. Asia and the Gulf region are in the middle ranges of healthcare provision and market innovation financing but are critical on corruption, which also appears to hinder access to quality healthcare in South America. Africa ranks low on healthcare and raising funds for medical purposes in corruption-prone territories.

The currently ongoing COVID-19 crisis has created awareness for the global interconnectivity of healthcare but also heighted attention to the drastic medical standard differences around the world, which unprecedentedly leverages the sustainable development mandate to grant equal access to healthcare.

Keywords: Access to hHealthcare, Artificial Intelligence (AI), Coronavirus, COVID-19, Decentralized Grids, Economic Growth, Healthcare, Healthcare Inequality, Inequality, Innovation, Market Disruption, Market Entrance, Pandemic

Suggested Citation

Puaschunder, Julia M. and Beerbaum Dr., Dirk, Healthcare Inequality in the Digital 21st Century: The Case for a Mandate for Equal Access to Quality Medicine for All (August 23, 2020). Proceedings of the Unequal World Conference of the United Nations, United Nations New York, New York, United States, September 28-29 (2020), Available at SSRN: https://ssrn.com/abstract=3679342 or http://dx.doi.org/10.2139/ssrn.3679342

Julia M. Puaschunder (Contact Author)

Harvard University ( email )

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New School for Social Research ( email )

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Columbia University ( email )

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Princeton University ( email )

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

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

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Dirk Beerbaum Dr.

Aalto University - Department of Accounting and Finance ( email )

P.O. Box 1210
Helsinki, 00100
Finland

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