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

Author

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  • Julia M. Puaschunder

    (The New School, USA)

  • Dirk Beerbaum

    (Frankfurt School of Finance and Management, Frankfurt am Main)

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.

Suggested Citation

  • Julia M. Puaschunder & Dirk Beerbaum, 2020. "The Future of Healthcare around the World: Four indices integrating Technology, Productivity, Anti-Corruption, Healthcare and Market Financialization," Proceedings of the 18th International RAIS Conference, August 17-18, 2020 021jpmd, Research Association for Interdisciplinary Studies.
    • Handle: RePEc:smo:apaper:021jpmd
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    References listed on IDEAS

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    1. Julia M. Puaschunder, 2019. "Artificial Intelligence Market Disruption," Proceedings of the 13th International RAIS Conference, June 10-11, 2019 01 JP, Research Association for Interdisciplinary Studies.
    2. Rose-Ackerman,Susan & Palifka,Bonnie J., 2016. "Corruption and Government," Cambridge Books, Cambridge University Press, number 9781107441095.
    3. Julia M. Puaschunder & Martin Gelter, 2019. "On the Political Economy of the European Union," Proceedings of the 15th International RAIS Conference, November 6-7, 2019 001JP, Research Association for Interdisciplinary Studies.
    4. Gordon, Sanford C., 2009. "Assessing Partisan Bias in Federal Public Corruption Prosecutions," American Political Science Review, Cambridge University Press, vol. 103(4), pages 534-554, November.
    5. Julia M. Puaschunder, 2019. "On Artificial Intelligence’s Razor’s Edge: On the Future of Democracy and Society in the Artificial Age," Proceedings of the 12th International RAIS Conference, April 3-4, 2019 5JP, Research Association for Interdisciplinary Studies.
    6. Niels Johannesen & Gabriel Zucman, 2014. "The End of Bank Secrecy? An Evaluation of the G20 Tax Haven Crackdown," American Economic Journal: Economic Policy, American Economic Association, vol. 6(1), pages 65-91, February.
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    8. Julia M. PUASCHUNDER & Josef MANTL & Bernd PLANK, 2020. "Medicine of the Future: The Power of Artificial Intelligence and Big Data in Healthcare," RAIS Journal for Social Sciences, Research Association for Interdisciplinary Studies, vol. 4(1), pages 1-8, May.
    9. Rose-Ackerman,Susan & Palifka,Bonnie J., 2016. "Corruption and Government," Cambridge Books, Cambridge University Press, number 9781107081208.
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    Cited by:

    1. Julia M. Puaschunder, 2020. "From Homo Oeconomicus to Homo Praeventicus," Proceedings of the 19th International RAIS Conference, October 18-19, 2020 023jpm, Research Association for Interdisciplinary Studies.
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    3. Julia M. Puaschunder, 2020. "Inequality in the 21st Century: Climate, Digital Skills and Access to Education," Scientia Moralitas Conference Proceedings 010jmp, Research Association for Interdisciplinary Studies.

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    More about this item

    Keywords

    Access to healthcare; Advancements; AI-GDP Index; Apps; Artificial Intelligence (AI); Coronavirus; Corruption-free maximization of excellence and precision; Corruption Perception;
    All these keywords.

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