Political Economy (Canada and the Global Political Economy) Essay - 4

Political Economy (Canada and the Global Political Economy) - Essay Example evident that, had those lessons been adopted most of the negative effects of the Global financial crisis of 2007 and 2008 would have been avoided (Norton, 2010). The Bretton woods system set out in the 1940s was synonymous with fixed exchange rates. As time passed and growth was evident in many parts of the world, the system changed with market forces. The Bretton woods system encouraged growth in many countries of the world which and that encouraged expansions. On the same note, apart from Japan all other industrialized countries had a managed inflation rate, lower interest rates and improved per capita income, few years after setting up of the Bretton institutions (Norton, 2010). While addressing whether lesson learnt from Bretton Woods systems would have worked for the global crisis, it is important to note that crises are usually worsened by â€Å"contagion effect†. The down fall of the Lehman Brothers had a spiral effect. The most significant pointer to the collapse of the world economy during the global crisis of 2007/2008 was lapse in regulation. Most central banks were blamed for inapt leadership by failure to regulate despite the imminent economic imbalance. For example, the regulators failed in their role by allowing Lehman Brothers to go bankrupt. Due to that bankruptcy, many other lending institutions panicked and refused to lend and that encouraged contagion that helped to spread the crisis further (Chornyy, 2011). Like the 2007/2008 global crisis, the Bretton woods system had challenges but the difference is evident in the manner in which the challenges were handled. For example, the Bretton woods system faced liquidity problems since the dollar was the fulcrum of the entire system and the USA which was biggest player in that regard had challenges. The Bretton system also faced a problem of adjustment. This was because most of the member countries took a considerable length of time to pay their debts. The most significant contributor to the

Healthcare policy and Health Care Essay Example | Topics and Well Written Essays - 1000 words

Healthcare policy and Health Care - Essay Example   Provided that every insurer is given the option to choose between public and private hospitals, the allocation of doctors might be affected because of the differences in professional fees and other benefits provided only if employed in private institutions. Increase subsidy in private insurance providers encourages those who were previously self-sustained to opt for these insurances instead.  Ã‚  Provided that every insurer is given the option to choose between public and private hospitals, the allocation of doctors might be affected because of the differences in professional fees and other benefits provided only if employed in private institutions. Increase subsidy in private insurance providers encourages those who were previously self-sustained to opt for these insurances instead.   Those in the healthcare industry are in an open-handed type of work. It is characterized by the increase in the demand which results in an increase of the number of hours spent for work. Relate d to the previously cited problem, this is a result of the unequal distribution of the professionals among public and private hospitals. In the context of policy issues, this distribution is brought about by the migration of professionals from the public to private hospitals because of the mentioned inefficiency in government structures such as the prevalence of bureaucracy within the system itself.   In a personal milieu, these professionals feel undervalued and may even result in quitting the job for failure to meet personal satisfaction.  The principle of a sound health care plan is best achieved with equity of the foundation that attending to the health concerns of a nation is indispensable to its growth. Assimilation of health in various social factors such as education and finance develops into a workable scheme in order to provide an environment wherein people belonging to any social status are given access to health care.  ... Textual analysis was first employed by looking at the possible provisions on healthcare in their Constitution. It was found out that there are several changes and alterations of their Constitution hence its effects to the health care policies were examined. There were also examinations on the synchronicity level or the coexistence of these health care policies in the past and the present – a closer assessment at what connects both phenomena in time. Documentary evidence will be collected in order to elucidate on the policies and laws of the Australian federal government and the state at particular points in its history. To collate it with the aims and objectives of the succeeding parts, it is important that the research focuses on the institutional factors representing that particular stage and its ramifications to the present. Core Australian healthcare policies and how it influence public health outcomes The Australian healthcare policy is divided into three categories; a) t he Medicare, b) non-Medicare, and c) privately-financed health care services. The Medicare is the application of the health care policies based on standards set by the federal government and the state of which both share the responsibility for its administration and financing. This covers pharmaceutical benefits and for in-patient and medical insurances. The second is largely public financing without applications of national standards. And the last constitutes other private professional services such as physical therapy, physiotherapy and dental care. Positive outcomes and effects of the policy 1. The delineation of public policy proved effective as it clearly shows the role of the federal government and the state on every portion. As a result, in the 2000