Financial crisis and health equity in

The last four years have seen five key stages of the global financial crisis, with more likely to come. From sub-prime to downgrade, the five stages of the most serious crisis to hit the global economy since the Great Depression can be found in those dates. Phase one on 9 August began with the seizure in the banking system precipitated by BNP Paribas announcing that it was ceasing activity in three hedge funds that specialised in US mortgage debt. This was the moment it became clear that there were tens of trillions of dollars worth of dodgy derivatives swilling round which were worth a lot less than the bankers had previously imagined.

Financial crisis and health equity in

These have included lecturesconferences and articles to discuss the themes explored in the plus page document. These events are set to continue, and include a three day conference in the UK, where key figures from the health world will air their views on the report.

First and foremost, in our view this report should be applauded for highlighting a set of issues that are rarely discussed in global health and development debates. Global health debates too often focus Financial crisis and health equity in biomedical aspects of health and those working in this area rarely have space, place, opportunity or desire to link up with those working on the social science aspects.

The report introduces a more inclusive approach to health policy. Following consultation with a variety of stakeholders, including civil society, the report explores a range of factors affecting health outcomes across many sectors.


These include early childhood development a topic often overlooked in wider discourses, beyond those with a particular interest in childreneducation, water and sanitation environment, urbanisation, climate change, labour and employment. It also discusses a set of critical issues that are even less likely to be seen on a biomedical agenda; issues of empowerment, social cohesion, gender, power and control of resources and governance.

By putting health equity firmly at the forefront of development debates, this report goes beyond mainstream arguments that economic growth alone will improve health outcomes. Rather it emphasises how inequitable distribution of benefits, economic growth and power can aggravate inequities.

Financial crisis and health equity in

For example, it addresses the differentials between rural and urban populations and analyses their differential health needs, outcomes and challenges — focusing more on urban than rural issues. This is welcome as issues on urbanisation have been relatively neglected in global development debates.

What can be done to keep focus on equity amid financial turmoil? As governments focus on kick-starting economic growth, the importance of equity and the distributional aspects of resources and power, so effectively portrayed in the report, are likely to be forgotten.

How will policy shapers be convinced that an equity focus is critical for an inclusive growth path? Consequences of non-action include the perpetuation of a vicious spiral of poverty and ill-health.

With available funding in both developed and developing nations shrinking, how will funding on social sectors be affected? How will the commitments made by donors be met in this changing environment? Who has the motivation and capacity to push this agenda forward?


Although the report calls for action from several stakeholders, who will prioritise this agenda and push it forward? The Determine consortium is leading the way in the EU, but who will act to prioritise this agenda in the South? Do the UN and WHO have sufficient capacity and resources to take this lead, and are they sufficiently empowered to do so?

What learning from other global organisations and partnerships e. Will President Obama be on our side? One ray of hope is offered by the election of Obama as US President. Although he is unlikely to change the affect of the damaging health policies overnight, he has made commitments in a number of under resourced and vitally important equity-related areas that are often subsumed by more prominent concerns.

During his campaign, for example, Obama pledged to increase spending on child and maternal health, and not at the expense of related important areas like HIV and AIDS.

These policies are reinforced by a focus on health infrastructure see the policy for Global Health Infrastructure bywhich will be vital to ensure equitable and context-specific service delivery.

However, it is important that this vision is well supported by USAID and its partners within the South, given concerns over the capacity and resources of other organisations. It is also essential that sufficient resources are allocated over a substantial period of time and will not be jeopardised by financial instability if these policies are to translate into sustainable change.

To what end is the call for a multi-sectoral approach to health? A multi-sectoral approach to health and indeed a range of other issues is critical, and has been called for over decades.

Nevertheless, to date calls for multi-sectoral approaches have not been turned into practical action.The financial crisis and health equity in Ontario: key pathways and policy challenges. [Arne Rückert; Population Health Improvement Research Network.] Home. WorldCat Home About WorldCat Help.

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Apr 20,  · This event has concluded. We will have links to plenary sessions shortly. The World Bank Group and USAID hosted the Third Annual Universal Health Coverage (UHC) Financing Forum from April , , in advance of the World Bank Group’s Spring Meetings at the Washington Hilton Hotel in Washington DC.. The Forum focused on mobilizing and shaping health financing to achieve equity . HealthEquity empowers Americans to build health savings by providing powerful tools for health savings accounts (HSAs) and other health financial services. The financial crisis, health and health inequities in Europe: the need for regulations, redistribution and social protection. Roberto De Vogli 1 Email author; International Journal for Equity in Health The official journal of the International Society for Equity in Health

The financial crisis, health and health inequities in Europe: the need for regulations, redistribution and social protection. Roberto De Vogli 1 Email author; International Journal for Equity in Health The official journal of the International Society for Equity in Health The Great Recession is the name commonly given to the – financial crisis that affected millions of Americans.

In the last few months we have seen several major financial institutions be absorbed by other financial institutions, receive government bailouts, or outright crash. International Journal for Equity in Health.

An unprecedented economic crisis is affecting Europe, focusing mainly on the southern countries. Improving health and reducing health inequalities in this macro-economic environment is going to be a great challenge.

The global financial crises and health equity: Conceptual clarifications. The global financial crisis is best understood in relation to a number of regulatory and restructuring processes directly linked to the ascendancy of neoliberal policy solutions since the late s, which made global capitalism less resilient and more crisis-prone.

An overview of the causes and consequences of the global financial crisis that hit the world in , last updated September 30,

– Icelandic financial crisis - Wikipedia