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Examine the impact of the US economic crisis on the caribbean nations - Essay Example

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Even though the pace of deterioration decreased in the end of 2009, its legacy and impact is yet to be determined. The less developed countries such as the…
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Examine the impact of the US economic crisis on the caribbean nations
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Examine the impact of the US economic crisis on the caribbean nations

Download file to see previous pages... In the Caribbean region which is highly dependent on tourism, the effects of the financial crisis have been most felt on the tourism industry, which has been the key driving force of the region’s economy from the start of 1990s.This later on, caused ripple effects to be felt on the other sectors of the economy such as health.
Caribbean countries have been making significant improvements and developments in health outcomes, but due to the US economic crisis, this progress has been threatened, by the reduction of the potential to invest in health by both government and households (World Bank 2009b, p.1).Even though there is a mixture up in empirical results, many studies show that the adverse effects of economic crisis is most likely to be concentrated in countries and households that are poor. (ibid, p.9).
Outcomes in health and financing in health are mostly affected by financial crises in more complex manners. Thus in several countries such as those in the Caribbean regions health and disability funding highly deteriorated during the US economic crisis, however the result is quite sensitive to existing policy measures aimed at mitigating the economic effects of the crisis. Thus quick and effective responses are required from the international bodies and respective governments will be very crucial in protecting of the vulnerable sick and disabled people from the adverse effects of US economic crisis.
The purpose of this paper is to analyse the impact that the US economic crisis had on the health and disabled fraternity in the Caribbean nations. The paper aims at looking at the impact of the US economic crisis on such social indicators as health and those that are afflicted by disability. It will look at the impact that aggregate fluctuations in income has on indicators of human development, particularly concerning health and the disabled. The results indicate that economic crisis had an adverse ...Download file to see next pagesRead More
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