The world woke up to the news of Wall Street collapsing in 2008 that threatened large numbers of financial institutions in the United States of America and across the globe. It is known to be one of the most financial crisis since the Great Depression of the 1930’s. The crisis was triggered by financiers from various lending institutions, Central bankers and other regulators who created the bubble in the financial sector. This had a domino effect across the globe triggering a massive bankruptcy across the financial institutions. Shares plunged in various stock markets in Americas, Asia, Europe, Africa, and Asia Pacific. That is an example of how interconnected (globalized) the world is, what happens in one part of the world can have an affect …show more content…
It was developed by Immanuel Wallerstein in the 1970s. The theory posits that the modern nation states exist within a broader economic, political and legal system which he refers to as a World System. These nations are part of a world-system of capitalism which refers to inter-regional and transnational division of labor which divides the world into three basic types of social systems/ geographical based hierarchical organized tiers. The first type is known as Core countries are the most advantaged areas in the world mostly North America and Europe. These states promote capitalism in terms of accumulating capital through tax, government purchasing, financing infrastructural development; invest heavily on research and development all with the aim of maintaining social order. They are seen as more exploitative because they have power in terms of dumping of unsafe goods in peripheral nations, exploit cheap labor from poor countries, acquire raw material at a cheaper price than it would be at the free market. Their political, economic and military clout allows these nations to accumulate wealth while exploiting other peripheral …show more content…
The last few years there have been a massive aid flow from the developed countries to developing countries. Despite help from foreign countries, government must formulate a health care policy which can provide some standard practice to protect the health and wellbeing of its citizens. This ensures that all the patients receive the same care no matter the service provider. The policy framework gives the scope, mechanisms a given government can choose from and implementation framework to fulfill the aims of the public health
What Jessop purposed as the second approach is a "State in Capitalist Society" approach. This approach is in contrast to the first approach, "capitalist type of society," but both equally rooted in the works of Marx and Engels (Jessop, 2008). For example, one of the works of Marx and Engels who became grounding of the first approach is The Eighteenth Brumaire of Louis Bonaparte; and the second approach based on The German Ideology (Jessop, 2013, p. 16-17).
Market crashes are not a new phenomenon but the most disturbing fact about the financial crisis of 2008, was that it was self-inflicted. What started as a credit crunch during the early 2006, turned into a fully-blown recession by mid-2008.The world’s financial system received a huge shock in September 2008, with the collapse of The Lehman Brothers, one of the biggest global investment banks [3]. The Global Financial Crisis of 2008, was undoubtedly the worst economic slump since the Great Depression of 1930. While the bankers and financers hold the responsibility for the global economic turmoil, the business schools have also, being partially responsible, faced criticism.
This theory follows Karl Marx beliefs on the class system. This class system is very unique and is not as similar to that of the United States class system. The higher class that has say on what goes on in the country is called the Bourgeoisie (Countries and their Cultures, 2016). Just like other aspects to a culture, every culture differs from one another in some way.
A health care system that provides free health care services to its entire citizen can be termed as universal health care. This is a situation where all citizens are protected from financial costs in health care. It is recognized around the globe as it provides a specific package of benefits to all citizens in the entire nation. For instance, free health care can result to improved health outcomes. In addition, it provides financial risk protection and an improved access to health services. There is an increasing debate on how citizen should be provided with free medical services. Although United State does not permit free health care services it should have free health care for all citizens. This is due to the fact that healthcare is the largest industry in United State. Due to the fact that United State is a rich country, it should have a healthcare system that provides free services such as treatment for its entire citizen. This will play a significant role, as it will stop medical bankruptcies in...
A country’s health care system refers to all the institutions, programs, personnel, procedures, and the resources that are used to meet the health needs of its population. Health care systems vary from one country to another, depending on government policies and the health needs of the population. Besides, health care programs are flexible in the sense that they are tailored to meet health needs as they arise. Among the stakeholders in the formulation of a country’s health care system are governments, religious groups, non-governmental organizations, charity organizations, trade/labor unions, and interested individuals (Duckett, 2008). These entities formulate, implement, evaluate, and reform health services according to the needs of the sections of the population they target.
What is world history? Bruce Mazlish contends that "world" history, as opposed to "global" history, is the study of systemic processes of interaction among diverse peoples, best typified by the work of William H. McNeill. By contrast, "global" history is the history of globalization, a process that Mazlish argues did not begin to occur on a significant scale until at least the 1950s, and, more plausibly, the 1970s. Citing prominent economic historians, Nicholas Kristof asserts that globalization actually started in the second half of the 19th Century, when steamships, the telegraph, the railroad, and European, North American, and Japanese empire-builders brought humankind into a single densely interwoven community of trade, investment, culture, and political rivalry for the first time. One of the founders of world-system theory, Immanuel Wallerstein, traces the invention of capitalism and the beginnings of what he calls the "Modern World-System" to the late 15th and 16th Centuries. His co-founder and worthy competitor Andre Gunder Frank argues that capitalism originated some five thousand years ago and that at least the Afro-Eurasian ecumene has been in continuous interactive existence ever since. As that ancient forerunner of postmodernist relativism, the Roman playwright Terence, once said, Quot homines, tot sententiae: "as many men, so many opinions." [1]
The world history does not always go in the same route. Change in the balance of power all around the world and existence of big events such as the foundation of press are effective in the conversion of the way it goes. With the effect of these rotations, systems are also changing. The world system between 600 and 1500 is not same with the system after 1500. This differentiation in system at that time was related to the exploration of America. After the big geographical explorations, a new Euro-centric world system emerged.
Health policy is described as the action of the Government to achieve goals within the health sector (10). Through an analysis of policy it is understood that it is influenced
Health care policy targets the organization, financing, and delivery of health care services. The reason for targeting these areas is for the licensing of health care professionals and facilities, to make sure there is protection of patients’ private health information, and there are measures of quality care, mistakes, malpractice, and efforts to control of health care cost (Acuff, 2010). There are several stages that one must take when creating a policy (see figure 1). The figure below shows the critical steps in the policy process. First, the problem must be identified, once the problem is identified potential policy solutions must be formulated, then the policy is adopted, and then implemented. After the policy is in place, an evaluation of the policy has to take place (This Nation, 2013).
Then we have the World System Theory of Immanuel Wallerstein. It stated that as societies are industrialized, capitalism became dominant economic system, leading to the globalization of capitalism. This globalization of capitalism refers to the adoption of capitalism by countries around the world. Wallerstein said, as capitalism
The recent Global Financial Crisis (GFC) initially began with the collapse of credits and financial markets, which caused by the sub-prime mortgage crisis in the US in 2007. The sub-prime mortgages were given to high-risk lenders (with bad credit history) who were in danger of defaulting, which eventually caused a global credit crunch, where the banks were unwilling to lend to each other. In October 2008, the collapse of the major financial institutions and the crash of stock markets marked the peak of this global economic slowdown (Euromonitor International, 2008).
Warwick J. McKibbin, and Andrew Stoeckel. “The Global Financial Crisis: Causes and Consequences.” Lowy Institute for International Policy 2.09 (2009): 1. PDF file.
Shawki, Ahmed, Paul D’Amato (2000), “Briefing: The Shape of World Capitalism,” International Socialist Review, [http://www.isreview.org/issues/11/world_capitalism.shtml], accessed 19 May 2012.
Asian financial crisis in 1997 is a good example to demonstrate the globalisation as a single issue in one country will motivate a domino effect on other countries. Since the crisis stared in Thailand because of the fail in banking system, a political upheaval was triggered in South Korea and Indonesia. At the same time, financial centres in New York, London, Hong Kong and Tokyo were also affected in this crisis. During the crisis, global news agencies utilised the Internet and telegraph updating news to their home countries. Such as the Economist, Reuters and the Financial Times which ar...
Primary Health Care is crucial or vital care made globally attainable to individuals and families in the community by means they approve to, through their full contribution and at a cost that the community and country can manage. It forms a basic part both of the country’s health system of which it is the core and the inclusive of social and economic evaluation of the community. In other words primary health care targets on providing affordable, attainable and suitable services for the obstructive treatment and management of disease procedure. In 1978, the dispute of public health that is shielding the greatest level of health for the highest number of people formed the agenda for a meeting of public health representatives from 134 countries, universally . It was held in Alma Ata ( A city in the former USSR ) to build new ideas and new mottos in public health. Their focus was to authorize people to have command over decisions that affected their own health, families and communities. Also to reduce inequities. The promising statement for World Health Organization was “ Health for All ” (HFA). The paramount of Primary Health Care was aiding of proper nutrition and an adequate supply of safe water, basic sanitation, child and maternal care, including family planning, immunization against the major infectious diseases, prevention and stabilizing of endemic diseases, education empowerment, conquering health problems and methods of preventing and controlling them, and suitab...