By Thomas Kostigen <\/p>\n
LOS ANGELES (MarketWatch) Health care in developing countries may become the worlds fastest-growing and biggest industry and the most in need of professionals and providers. <\/p>\n
Talk about an industry that has both social and financial impact: This is it. <\/p>\n
For the first time, Chinese regulators will allow overseas investors to settle trades in U.S. dollars for oil commodities, while domestic traders would settle in yuan. The WSJ's Gurdeep Singh explains how this will give China a greater influence in global oil pricing. <\/p>\n
A population explosion is expected to put 30% more people on the planet by 2050, with most of that growth taking place in the developing world. <\/p>\n
There will be a massive need to care for all these people. Moreover, as the developing world matures economically because of its natural-resource wealth and cheap labor force, among other things, healthier diets will take hold. Infant-mortality rates will decrease and life expectancy will rise. <\/p>\n
All these trends point toward a dramatic need for medical care and all that goes with it: education; access; administration, and insurance. <\/p>\n
The health-care divide between developed and emerging nations is stark. According to the New York Academy of Sciences, there are statistically only nine hospital beds per 10,000 people in low-income countries; less than one-half-of-one doctor per 1,000 people; and not even a full nurse for those 1,000 people. <\/p>\n
Compare that to 57 hospital beds per 10,000 people in high-income countries, with more than two-and-a-half doctors and more than eight nurses for per 1,000 people. <\/p>\n
While we debate the merits of public health-care here in the U.S., and as many other countries around the world provide government health-care, private insurance shouldnt be written off. <\/p>\n<\/p>\n
Excerpt from:<\/p>\n
Thomas Kostigen's Impact Investor: Health-care sector faces its next frontier<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" By Thomas Kostigen LOS ANGELES (MarketWatch) Health care in developing countries may become the worlds fastest-growing and biggest industry and the most in need of professionals and providers. Talk about an industry that has both social and financial impact: This is it. For the first time, Chinese regulators will allow overseas investors to settle trades in U.S Continue reading