Our managing director offers insight on day-to-day newsflow, spanning economies and markets worldwide. These comments appear regularly on his LinkedIn feed. We offer them here for wider community benefit.
pandemic impact
21 January 2025
Trump Order for US to Exit WHO Prompts Alarm
In abandoning the World Health Organization, the Trump administration indicates that it is unable to distinguish between international primacy issues and the role of global health architecture. Trump is set to silence an important channel of American soft diplomacy, at the expense of even greater Chinese influence worldwide. The argument that the decision is planting the seeds of a future pandemic, while somewhat fantastical at this time, deserves merit.
pandemic impact
19 January 2025
Plastic Surgery Boom Lures South Korea’s Overworked Doctors
Did all that time spent on Zoom during the pandemic focus our attention on eyelid adjustments, face lifts, and jowl reductions? Maybe. The medical tourism business, while not limited strictly to cosmetic procedures, is booming. In fact, Singapore does not officially promote the business so that its citizens are ensured access to hospital beds. Officials in other countries feel differently. Medical tourism is a de facto helicopter drop of cash into a nation’s economy, while supporting healthcare-industry development.
CARETAKER ECONOMY
17 January 2025
Dementia Cases in the US Will Surge in Coming Decades
A looming healthcare emergency— both in the US and elsewhere—is the unrelenting expansion of dementia cases. There is no clear path to resolution, at least for now. The volume of people who will be diagnosed with this group of diseases weighs heavily on societies. The results of a World Health Organization study released in 2019, for instance, suggest that the average annual cost per person of dementia care globally is near $24K. Given spiraling healthcare costs worldwide, that number seems highly conservative.
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