This practice is relatively uncommon at the time but within a short time this practice will develop to global standards. Following are the reasons behind the globalization of healthcare.
Some countries are known for their doctors and the technological advancements they have made in the field of medical and health care. That is why these countries have high medical costs due to their skilled and well known staff. Under developed countries are working hard towards development and which is why they offer better services.
Goodwill among Different Countries: globalization of healthcare promotes goodwill and understanding among different countries. Globalization is any kind of exchange of goods and services between countries with the sole purpose of efficiency and better results. Outsourcing of services is one of the benefits for the developing countries that they are able to adopt standards, processes along with the language of the developed countries. Outsourcing of medical services can also influence the economic benefits because the developed countries will thrive when individuals from developed countries will travel to their countries in order to seek medical help.
IMPROVES PRODUCTION OF GOOD AND SERVICES: globalization of health provides a platform to improve their production of goods and services of countries by sharing their expertise and international cooperation. Globalization also influence the technology and help create educated and internet savvy consumers. Different countries come together and they promote their new technological advancements which help under developed countries to exhilarate.
healthcare globalization can stifle development: globalization is one of the reasons for the downfall in growth in many countries. It imposes negative advent effects on the growth of under developed countries in the field of health care