Alexia Wambersie
Bio
Stories (2/0)
Economics in health: Brand-named drugs and Generic drugs
I. Introduction A thousand years ago, in some populations just like the French one, when individuals felt ill and seemed ill, the main solutions were to bath these individuals in water and pray for them to get better. These main solutions were solicitated due to the lack of knowledge in the subject of health, which was and still is a complex subject. At that time, a lot of people eventually died because people didn’t know what diseases were, they didn’t understand that there are many different ones and what to do to stop them. With time, scientists tried using natural herbs and different other substances to try to cure the ones who had illnesses. In some cases, the patients would get better, in other cases it could be ineffective and the patients would not get better. Later on, due to the multiplication of scientists, means and research different diseases were detected. With this knowledge, scientists understood that every illness is made out of a different virus or not and so, the solution to an illness had to be specifically made for it. Acknowledging this, scientists studied each and every case precisely and created something that would change the humanity’s health problems, at least most of them: medication drugs. Once medication drugs were created, when someone was ill the first instinct was to take the drugs made specially for that illness. At the end of the day, it was easy to get better as you just had to buy the medical drug specially made for your disease and wait for it to make an effect. Obviously, as these drugs were unique and only them could get you better, the prices to get them were high. But with time once again, the government made it possible to lower the prices so, the drugs would be affordable to many but the price still remains a little high. Today, when someone is ill, he or she still takes drugs to cure its illness but once at the pharmacy the individual is confronted to two different categories of medication drugs in the market: the brand-named drugs and the generic drugs.
By Alexia Wambersie2 years ago in Longevity
The reasons for China’s economic success
Back in 1976, China was an underdeveloped rural country under the leadership of Chairman Mao Zedong. 30% of the population was poor at that time mainly because 3⁄4 of the production was centrally organized and controlled by the state-owned enterprises. The state set the quantities and prices of production and allocated the resources throughout most of the economy. The main goal of the Chinese government was to transform itself into a self-sufficient economy. Foreign trade was very limited, the only trade partner was the Soviet Union and trades would be things that they truly could not make in China. This system created economic distortions and did not provide motivation for firms, workers, and farmers to be more productive as they would not receive more for it or improve their living standards. The economic system had stagnated a long time ago, individuals were getting less and less motivated, their productiveness was decreasing, and their faith was disappearing. In 1978, after Mao Zedong died, of Deng Xiaoping became the leader and decided to restore China’s economy and faith on the communist party with the goal this time, of increasing economic growth and raise living standards. As the strict state control was not working, he decided to put in place a series of reforms that seemed to work for neighbor countries and regions (Taiwan, South Korea and Hong Kong). His idea was to create its own economic model through an economic reform. In one hand, it took some ideas from Western countries such as opening itself to the free market to allow private companies into china and receive foreign investments/trades as well. It encouraged the creation of rural enterprises and private businesses by giving more freedom to its workers and controlling them less. It invested in industrial production and education of its workforce.On another hand, it kept things in line and protected its country.
By Alexia Wambersie2 years ago in The Swamp