Abstract
The economic phenomenon of “globalization” has broadly affected the health care industry and the medical profession in the late 20th century. Governmental and private sector managed care reach is expanding globally, as patients are “ecuritized” and traded as covered lives. Arbitrage of health care goods and services is creating commoditization effects, including trans-border parallel markets i.e. black markets. Consumers and governments are becoming concerned about privacy issues and product standardization, while Third World challenges remain in the public health realm i.e., infectious pandemics, sanitation, nutrition and overpopulation.
Original language | English (US) |
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Pages (from-to) | 113-142 |
Number of pages | 30 |
Journal | Multinational Business Review |
Volume | 11 |
Issue number | 3 |
DOIs | |
State | Published - Nov 19 2003 |
Externally published | Yes |
Keywords
- Black markets
- Commoditization
- Globalization
- Health care industry
- Medical profession
- Public health
ASJC Scopus subject areas
- Business and International Management
- General Business, Management and Accounting