Word: globalization
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Indeed, while annual international travel has increased, from 124 million global travelers in 2000 to 173 million last year, annual overseas visits by foreigners to the United States have ticked down, from 26 million in 2000 to 25.3 million in 2008. The absolute drop-off seems small, until you consider that it has cost the country an estimated $27 billion in lost tax revenue over the past decade. With unemployment levels now topping 10% in the U.S., the economic benefits of foreign travel have never been more urgent, yet visitors have never been scarcer. "We're welcoming fewer and fewer...
...Global Fund's new plan proposes to solve this public-health crisis with a market-based solution. To undercut sales of counterfeits and alternative treatments, the Global Fund initiative will spend more than $220 million to subsidize genuine, effective combination-therapy drugs, and in Cambodia, it will spend an additional $10 million to ensure good distribution around the country. The idea was first proposed in 2004 by a committee of the Institute of Medicine headed by Kenneth Arrow, a winner of the 1972 Nobel Prize in Economics. The idea is that if the market is relied on to root...
...kills nearly a million. The mosquito-borne parasite is the third deadliest infectious disease in the world, after HIV/AIDS and tuberculosis, and most of its victims are children. With the help of tens of millions of dollars from the Bill and Melinda Gates Foundation and various governments, the global health community - from biochemical engineers in Berkeley, Calif., to village volunteers in Battambang, Cambodia - is racing to eliminate the increasingly resistant parasite before it's too late. This week, the Global Fund signed off on a $220 million-plus project called the Affordable Medicines Facility for malaria (AMFm), a controversial...
ASEAN has grown up since the days of the so-called red threat. Not only are two of its members - Vietnam and Laos - socialist countries, but the regional bloc has transformed itself from an impoverished backwater to a key member of the global economy. Indeed, ASEAN's 600 million citizens have weathered the current global financial crisis far better than the citizenry of many other regions. Indonesia, for instance, is predicting upwards of 4% growth this year. (See Barack Obama's family tree...
...Arrow, 88, a professor emeritus at Stanford, says he is "baffled" by the U.S.'s refusal to support the plan. The cost of global artemisinin combination-therapy subsidies, he says, would run only about $300 million a year, a relatively small amount compared to campaigns to fight HIV/AIDS and tuberculosis. Drug subsidies alone won't eliminate malaria, he admits, but combined with indoor mosquito spraying, bed nets and proper monitoring of what different areas need, Arrow says, "the world can eliminate malaria...