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Global health vs. global wealth: Looming choice for health firms in developing countries
Date:9/9/2010

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  • A scheme proposed by David Stevens and his colleagues at the Results for Development Institute, which proposes "planned issuance of local currency-denominated 15-year bonds to finance SMEs in the developing world".

    Finally, they say there are valuable lessons to be drawn from the success of venture capital (VC) firms such as the Acumen Fund (New York), APIDC-Ventureast Biotechnology Venture Fund (Hyderabad, India), Bioveda China Fund (Shanghai), and Bioventures (Cape Town, South Africa).

    "The window of opportunity for action will not remain open for long," the authors say. Taking steps now will "ensure that innovative capacity is tapped not only in the industrialized countries but also in the emerging economies so that the health needs of the poor can be more fully addressed."

    "Global health or global wealth? If we act we can have both," concluded Dr. Singer.


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    • Contact: Terry Collins
    terrycollins@rogers.com
    416-538-8712
    McLaughlin-Rotman Centre for Global Health
    Source:Eurekalert  

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