BRICs Nations Growing Impact on the Global Health Sector

The most notable feature of the past five centuries of global economic history dating back from Colonial Age until the present accelerated globalization is the persistence of «North–South» division between the global rich and poor. This ground pattern has been falling apart over the last three decad...

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Autores principales:	M. B. Jakovljevic, N. V. Ekkert, M. S. Mikerova, V. A. Reshetnikov
Formato:	article
Lenguaje:	EN RU
Publicado:	MGIMO University Press 2019
Materias:	brics emerging markets obor bri new silk road health expenditure pharmaceutical medical care china russia india brazil International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/c6726a9bea52442885a9ab78b987e756
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spelling	oai:doaj.org-article:c6726a9bea52442885a9ab78b987e7562021-11-23T14:50:41ZBRICs Nations Growing Impact on the Global Health Sector2071-81602541-909910.24833/2071-8160-2019-6-69-150-166https://doaj.org/article/c6726a9bea52442885a9ab78b987e7562019-12-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/1085https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099The most notable feature of the past five centuries of global economic history dating back from Colonial Age until the present accelerated globalization is the persistence of «North–South» division between the global rich and poor. This ground pattern has been falling apart over the last three decades with the rise of BRICs emerging economies (Brazil, Russia, India, China). The Chinese Belt and Road Initiative fosters further rapid growth and synergy among these large nations. This ambitious and historically unprecedented infrastructural project if successful can lead to a formation by 2049 of a huge common economic zone bringing opportunities for multilateral development to the BRICs. These profound changes have deep implications for the global health care sector. Previous research on health and pharmaceutical spending has clearly documented that low- and middle-income economies (LMICs), led by these emerging markets, have doubled their share in global health spending from roughly 20% up to approximately 40% in purchasing power parity terms. Alongside with these global developments, a decade ago, some of the leading Western academic centers, confirm new era of rising world’s geo-economic and geopolitical multipolarity. The world witnesses this process being accelerated today and seek deeper understanding how it will reflect on long term health and pharmaceutical expenditure trends, particularly in the leading BRICs emerging markets being a front runner of such evolution.The authors declare absence of conflict of interests.M. B. JakovljevicN. V. EkkertM. S. MikerovaV. A. ReshetnikovMGIMO University Pressarticlebricsemerging marketsoborbrinew silk roadhealthexpenditurepharmaceuticalmedical carechinarussiaindiabrazilInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 12, Iss 6, Pp 150-166 (2019)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	brics emerging markets obor bri new silk road health expenditure pharmaceutical medical care china russia india brazil International relations JZ2-6530
spellingShingle	brics emerging markets obor bri new silk road health expenditure pharmaceutical medical care china russia india brazil International relations JZ2-6530 M. B. Jakovljevic N. V. Ekkert M. S. Mikerova V. A. Reshetnikov BRICs Nations Growing Impact on the Global Health Sector
description	The most notable feature of the past five centuries of global economic history dating back from Colonial Age until the present accelerated globalization is the persistence of «North–South» division between the global rich and poor. This ground pattern has been falling apart over the last three decades with the rise of BRICs emerging economies (Brazil, Russia, India, China). The Chinese Belt and Road Initiative fosters further rapid growth and synergy among these large nations. This ambitious and historically unprecedented infrastructural project if successful can lead to a formation by 2049 of a huge common economic zone bringing opportunities for multilateral development to the BRICs. These profound changes have deep implications for the global health care sector. Previous research on health and pharmaceutical spending has clearly documented that low- and middle-income economies (LMICs), led by these emerging markets, have doubled their share in global health spending from roughly 20% up to approximately 40% in purchasing power parity terms. Alongside with these global developments, a decade ago, some of the leading Western academic centers, confirm new era of rising world’s geo-economic and geopolitical multipolarity. The world witnesses this process being accelerated today and seek deeper understanding how it will reflect on long term health and pharmaceutical expenditure trends, particularly in the leading BRICs emerging markets being a front runner of such evolution.The authors declare absence of conflict of interests.
format	article
author	M. B. Jakovljevic N. V. Ekkert M. S. Mikerova V. A. Reshetnikov
author_facet	M. B. Jakovljevic N. V. Ekkert M. S. Mikerova V. A. Reshetnikov
author_sort	M. B. Jakovljevic
title	BRICs Nations Growing Impact on the Global Health Sector
title_short	BRICs Nations Growing Impact on the Global Health Sector
title_full	BRICs Nations Growing Impact on the Global Health Sector
title_fullStr	BRICs Nations Growing Impact on the Global Health Sector
title_full_unstemmed	BRICs Nations Growing Impact on the Global Health Sector
title_sort	brics nations growing impact on the global health sector
publisher	MGIMO University Press
publishDate	2019
url	https://doaj.org/article/c6726a9bea52442885a9ab78b987e756
work_keys_str_mv	AT mbjakovljevic bricsnationsgrowingimpactontheglobalhealthsector AT nvekkert bricsnationsgrowingimpactontheglobalhealthsector AT msmikerova bricsnationsgrowingimpactontheglobalhealthsector AT vareshetnikov bricsnationsgrowingimpactontheglobalhealthsector
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BRICs Nations Growing Impact on the Global Health Sector

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