The Knowledge Barons of India

2018 ◽  
Author(s):  
Mahesh K. Joshi ◽  
J.R. Klein
Keyword(s):  
Purchasing Power Parity ◽  
The United States ◽  
Policy Intervention ◽  
Power Parity ◽  
Demographic Diversity ◽  
Electronic Payments ◽  
The Third ◽  
Knowledge Based ◽  
English Speaking ◽  
The Government

India’s economic journey has seen many ups and downs since 3,500 BC. It has become the third largest economy in terms of gross domestic product (GDP) in purchasing power parity (PPP). It has the second largest English-speaking population after the United States. India has successfully built its knowledge-based industry with software exports being its primary product. The Government has taken aggressive steps to move toward a cashless transaction society by driving digitization. It has de-monetized the currency in an attempt to eradicate corruption and to provide an alternate platform for electronic payments. Sector-wide policy intervention by the Government, intended to drive economic growth, may create a completely new growth story. Its large consumer base is an attractive market, and demographic diversity is a competitive advantage. India is the fastest growing emerging economy in the world with a population of 1.3 billion.

scholarly journals Drug prices in Latin American countries: the case of rheumatoid arthritis Biosimilars

2021 ◽  
Vol 61 (1) ◽  
Author(s):  
Gabriela Bittencourt Gonzalez Mosegui ◽  
Fernando Antõnanzas ◽  
Cid Manso de Mello Vianna ◽  
Paula Rojas
Keyword(s):  
Rheumatoid Arthritis ◽  
United States ◽  
Latin American ◽  
United States Of America ◽  
Purchasing Power Parity ◽  
The United States ◽  
Power Parity ◽  
Drug Prices ◽  
The Us ◽  
Latin American Countries

Abstract Background The objective of this paper is to analyze the prices of biological drugs in the treatment of Rheumatoid Arthritis (RA) in three Latin American countries (Brazil, Colombia and Mexico), as well as in Spain and the United States of America (US), from the point of market entry of biosimilars. Methods We analyzed products authorized for commercialization in the last 20 years, in Brazil, Colombia, and Mexico, comparing them to the United States of America (USA) and Spain. For this analysis, we sought the prices and registries of drugs marketed between 1999 and October 1, 2019, in the regulatory agencies’ databases. The pricing between countries was based on purchasing power parity (PPP). Results The US authorized the commercialization of 13 distinct biologicals and four biosimilars in the period. Spain and Brazil marketed 14 biopharmaceuticals for RA, ten original, four biosimilars. Colombia and Mexico have authorized three biosimilars in addition to the ten biological ones. For biological drug prices, the US is the most expensive country. Spain’s price behavior seems intermediate when compared to the three LA countries. Brazil has the highest LA prices, followed by Mexico and Colombia, which has the lowest prices. Spain has the lowest values in PPP, compared to LA countries, while the US has the highest prices. Conclusion The economic effort that LA countries make to access these medicines is much higher than the US and Spain. The use of the PPP ensured a better understanding of the actual access to these inputs in the countries analyzed.

Monetary and Exchange Rate Policies for International Financial Stability: A Proposal

1988 ◽  
Vol 2 (1) ◽  
pp. 83-103 ◽  
Author(s):  
Ronald I McKinnon
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Foreign Exchange ◽  
Purchasing Power Parity ◽  
Financial Stability ◽  
Foreign Exchange Market ◽  
The United States ◽  
Power Parity ◽  
Monetary Reform ◽  
Exchange Rate Fluctuations

What keeps the three major industrial blocs -- Western Europe, North America, and industrialized Asia -- from developing a common monetary standard to prevent exchange-rate fluctuations? One important reason is the differing theoretical perspectives of economic advisers. The first issue is whether or not a floating foreign exchange market -- where governments do not systematically target exchange rates -- is “efficient.” Many economists believe that exchange risk can be effectively hedged in forward markets so international monetary reform is unnecessary. Second, after a decade and a half of unremitting turbulence in the foreign exchange markets, economists cannot agree on “equilibrium” or desirable official targets for exchange rates if they were to be stabilized. The contending principles of purchasing power parity and of balanced trade yield very different estimates for the “correct” yen/dollar and mark/dollar exchange rates. Third, if the three major blocs can agree to fix nominal exchange rates within narrow bands, by what working rule should the new monetary standard be anchored to prevent worldwide inflation or deflation? After considering the magnitude of exchange-rate fluctuations since floating began in the early 1970s, I analyze these conceptual issues in the course of demonstrating how the central banks of Japan, the United States, and Germany (representing the continental European bloc) can establish fixed exchange rates and international monetary stability.

Fraud and Abuse: United States ex rel Merena v. SmithKline Beecham Corp.; United States ex rel Spear v. SmithKline Beecham Clinical Lab.; United States ex rel Grossenbacher v. SmithKline Beecham Clinical Lab.

2000 ◽  
Vol 28 (2) ◽  
pp. 191-193 ◽  
Author(s):  
Allyson Behm
Keyword(s):  
United States ◽  
Health Care ◽  
Health Care Providers ◽  
Laboratory Tests ◽  
The United States ◽  
Care Providers ◽  
Individual Analysis ◽  
Court Of Appeals ◽  
The Third ◽  
The Government

The United States Court of Appeals for the Third Circuit held that when quitam relators file a multi-claim complaint under the Fraudulent Claims Act (FCA), their share of the proceeds must be based on an individual analysis of each claim. More importantly, the court held that relators are not entitled to any portion of the settlement of a specific claim if that claim was subject to dismissal under section 3730(e)(4) Relator Merena filed a quitam suit against his employer, SmithKline Beecham (SKB), claiming, among other things, that SKB defrauded the government by billing for laboratory tests that were not performed, paying illegal kickbacks to health care providers, and participating in an “automated chemistry” scheme. Soon thereafter, additional relators filed suit.

Foreign Policy of Saudi Arabia

2019 ◽  
Author(s):  
Mohammed Nuruzzaman
Keyword(s):  
United States ◽  
Foreign Policy ◽  
Saudi Arabia ◽  
Purchasing Power Parity ◽  
Soft Power ◽  
The United States ◽  
Arab Countries ◽  
Islamic State ◽  
Power Parity ◽  
Military Support

The Kingdom of Saudi Arabia is a major actor in Middle Eastern as well as global politics. Founded in 1932 by King Abd al-Aziz Al Saud, commonly known as Ibn Saud, the kingdom rests on an alliance between the Al Saud royal family and the followers of 18th-century Islamic revivalist Muhammad ibn Abd al-Wahhab. The strategic and geo-economic significance of the kingdom originates from its location and possession of huge oil resources. It borders the world’s two immensely significant strategic sea trade routes—the Persian Gulf and the Red Sea, boasts of being the world’s largest oil exporter, and is home to Islam’s two holiest sites—Mecca and Medina. Though not a militarily significant power, the kingdom’s vast oil wealth has gradually and greatly elevated its status as an influential global economic and financial power. Currently, it is the world’s seventeenth largest economy ($1.774 trillion, 2017 estimate based on purchasing power parity, or PPP) and a member of the elite G20 club of world economic powers. The economic good fortune notwithstanding, the Saudis have traditionally depended on the United States, especially after World War II, for security guarantees and pursued a foreign policy of restraint guided by preferences for soft power tools like mediation in regional conflicts, financial aid and investments, and diplomatic influence. Relations with the United States, mostly smooth but occasionally rocky (for example, the 1973 Saudi-led oil embargo on the West and the 9/11 attacks), has remained the cornerstone of Saudi foreign policy. A series of recent developments, most notably the rise of regional rival Iran following the 2003 American invasion of Iraq, the contagious effects of Arab pro-democracy movements, and the proclamation of the Islamic State of Iraq and Syria (ISIS) in the summer of 2014 forced a major overhaul in Saudi foreign policy. A fundamental shift from the traditional policy of restraint to a proactive foreign policy took root from the early 2010s. King Abdullah bin Abd al-Aziz sent troops to Bahrain in March 2011 to stifle the Shiʿa -led pro-democracy movements; incumbent King Salman bin Abd al-Aziz, soon after ascending the throne in January 2015, launched a massive air attack on Yemen to punish the allegedly pro-Iran Houthi rebels, and doubled down financial and military support for the pro-Saudi rebel groups fighting against the Iran- and Russia-backed Bashar Al-Assad government in Syria. The kingdom has justified this proactive foreign policy approach as a necessary response to force Shiʿa powerhouse Iran to scale back its presence in Arab countries and to keep Iranian power under check. Lately, the kingdom is pursuing policies to court Israel to jointly square off with their common enemy Iran and weaken pro-Iran Lebanese militia group Hezbollah’s military capabilities.

International Labor Organisation

1950 ◽  
Vol 4 (4) ◽  
pp. 677-678
Keyword(s):  
Technical Assistance ◽  
The United States ◽  
World Health ◽  
Director General ◽  
International Labor Organization ◽  
Freedom Of Association ◽  
Governing Body ◽  
The Third ◽  
International Labor ◽  
The Government

The Governing Body of the International Labor Organization held its 112th session at Geneva from June 2 to 30, 1950. During consideration of an agenda of 22 items, the Governing Body completed the membership of the fact-finding and conciliation commission on freedom of association, decided to establish an ad hoc committee of five or six persons having experience in the field of occupational safetyand health to be appointed by the Director-General in consultation with officers of the Governing Body, and authorized the Director-General (Morse) to communicate the report of the Third International Pneumoconiosis Conference held at Sydney in February and March 1950 to the United Nations Secretary-General and the Director-General of the World Health Organization. The Governing Body also convened a meeting of experts to study the status and conditions of employment of domestic workers, authorized the Director-General to communicate to governments the reports, resolutions and memoranda adopted by the second session of the Chemical Industries Committee, accepted an invitation from the government of the United States of Indonesia to hold the first session of the Committee on Work in Plantations in Indonesia in December 1950, and appointed members of the Governing Body delegates to the third session of the Petroleum Committee to be held in Geneva in October and November. Other action taken by the Governing Body included acceptance of the invitation of the French government to hold the third session of the Textiles Committee in Lyons from November 28 to December 9, 1950, approved the general lines of a program of technical assistance ILO could undertake in the manpower field, noted that ILO had $2,500,000 at its disposal for its technical assistance activities, and accepted an offer by states members of the Organization for European Economic Cooperation which were also members of ILO to make available to ILO $998,000 for establishment of a special fund to finance additional action in the field of migration.

European Union-28: An annualised cost-of-illness model for venous thromboembolism

2016 ◽  
Vol 115 (04) ◽  
pp. 800-808 ◽  
Author(s):  
Stefano Barco ◽  
Alex L. Woersching ◽  
Alex C. Spyropoulos ◽  
Franco Piovella ◽  
Charles E. Mahan
Keyword(s):  
European Union ◽  
Venous Thromboembolism ◽  
Purchasing Power Parity ◽  
Indirect Costs ◽  
The United States ◽  
Cost Models ◽  
The European Union ◽  
Power Parity ◽  
Total Hospital ◽  
Illness Model

SummaryAnnual costs for venous thromboembolism (VTE) have been defined within the United States (US) demonstrating a large opportunity for cost savings. Costs for the European Union-28 (EU-28) have never been defined. A literature search was conducted to evaluate EU-28 cost sources. Median costs were defined for each cost input and costs were inflated to 2014 Euros (€) in the study country and adjusted for Purchasing Power Parity between EU countries. Adjusted costs were used to populate previously published cost-models based on adult incidence-based events. In the base model, annual expenditures for total, hospital-associated, preventable, and indirect costs were €1.5–2.2 billion, €1.0–1.5 billion, €0.5–1.1 billion and €0.2–0.3 billion, respectively (indirect costs: 12 % of expenditures). In the long-term attack rate model, total, hospital-associated, preventable, and indirect costs were €1.8–3.3 billion, €1.2–2.4 billion, €0.6–1.8 billion and €0.2–0.7 billion (indirect costs: 13 % of expenditures). In the multiway sensitivity analysis, annual expenditures for total, hospital-associated, preventable, and indirect costs were €3.0–8.5 billion, €2.2–6.2 billion, €1.1–4.6 billion and €0.5–1.4 billion (indirect costs: 22 % of expenditures). When the value of a premature life-lost increased slightly, aggregate costs rose considerably since these costs are higher than the direct medical costs. When evaluating the models aggregately for costs, the results suggests total, hospital-associated, preventable, and indirect costs ranging from €1.5–13.2 billion, €1.0–9.7 billion, €0.5–7.3 billion and €0.2–6.1 billion, respectively. Our study demonstrates that VTE costs have a large financial impact upon the EU-28’s healthcare systems and that significant savings could be realised if better preventive measures are applied.

scholarly journals The US Role in the World Manufacturing and Trade as a Global Issue

2018 ◽  
Vol 11 (2) ◽  
pp. 100-112
Author(s):  
V. G. VARNAVSKIY
Keyword(s):  
United States ◽  
Purchasing Power Parity ◽  
World Economy ◽  
The United States ◽  
High Tech ◽  
Power Parity ◽  
Instrument Making ◽  
Goods And Services ◽  
The World ◽  
The Usa

The article considers the USA role and place in the global  manufacturing and trade. Key aspects of the world economy  transformation in the context of globalization, internationalization  and liberalization are studied. As shows, USA and China are the two  largest economies in the world. United States is the world’s largest  economy by nominal GDP and second largest by purchasing power  parity (PPP). It holds a 15.4 percent share of global GDP in PPP  (2016). China is the world’s largest economy by PPP, accounting for  17.8 percent of global GDP. The USA share of world GDP declined by  a total of 3.8 percentage points between 2006 and 2016. At the  same time, the United States possesses great economic strength. It  is also the world leader in innovation. China’s success has mostly  been in lowerend innovation. This country has been less successful in  higher-end innovation, where USA currently maintain a lead. The  United States holds a leading position in aerospace, instrument  making, cloud computing, ICT, robotics-related technologies, nanomaterials, biopharmaceutical and other high-tech  industries and China significantly lags behind. Special attention is paid to the U.S. foreign trade. It is shown that the USA is one of  the world’s largest importer and exporter of goods and services. It  accounts for 10.5 percent of global goods and services exports in  2016 (second place after China) and 13.3 percent of global imports  (first place). Despite the world’s second place after China in some economic indexes such as gross domestic product (at PPP),   size of manufacturingand merchandise trade, USA ranks first in the  world in terms of quality indicators of economic development. It  remains the most powerful economy in the world. The author’s  conclusion is that, the loss of US world leadership in terms of output  indicators has not yet become a global problem for other countries  and world economy in the whole.

scholarly journals The Big Mac Index And Real-Income Disparity

2014 ◽  
Vol 12 (3) ◽  
pp. 231 ◽  
Author(s):  
Vidya Atal
Keyword(s):  
Czech Republic ◽  
Purchasing Power Parity ◽  
Real Income ◽  
Purchasing Power ◽  
Income Disparity ◽  
Power Parity ◽  
Per Capita ◽  
The Government ◽  
Role Of The Government

The Big Mac Index was introduced to (semi-humorously) test the theory of purchasing power parity and measure the disparity in currency values. Instead, in this paper, we consider this index to find out the per capita real-income disparity across 54 countries. We find that the per capita real-income can be very low in some countries even when Big Mac burgers are very cheap, like in India. Among these countries, Hong Kongs per capita Big Mac affordability is the highest with 47 burgers daily whereas Pakistans people could afford just one a day. Additionally, we find that Russia and Chinas Big Mac affordability has been significantly increasing over the last decade, Brazils has remained more or less constant, however USAs Big Mac affordability has been falling, indicating that per capita real-income of Americans has been decreasing over the last decade. Finally, we find that increased role of the government might be negatively correlated to per capita real-income. Czech Republic has been experiencing increased Big Mac affordability as the country has been reducing the governments role; whereas Argentina has been experiencing reduced Big Mac affordability as the country has been moving left and increasing the governments power.

scholarly journals Final years of the silver standard in Mexico: evidence of purchasing power parity with the United States

2012 ◽  
Vol 14 (1) ◽  
Author(s):  
Antonio Bojanic
Keyword(s):  
United States ◽  
Nineteenth Century ◽  
Twentieth Century ◽  
Purchasing Power Parity ◽  
The United States ◽  
Purchasing Power ◽  
Power Parity ◽  
Silver Standard

This paper focuses on the use of silver as a monetary standard in Mexico during approximately the last three decades of the nineteenth century and the first decade of the twentieth century. During this period, several events occurred in the market for silver that affected those countries attached to this metal. These events caused some of these countries to abandon silver for good and adopt other types of monetary arrangements. Mexico and a few others chose to stay with it.The reasons behind this decision are analyzed. Additionally, evidence that supports the theory of purchasing power parity between Mexico and the United States is also presented and analyzed.

Sign in / Sign up

Export Citation Format

Share Document