Strong Medicine: Creating Incentives for Pharmaceutical Research on Neglected Diseases

Michael Kremer; Rachel Glennerster

ISBN 10: 0691121133 / ISBN 13: 9780691121130

Editore: Princeton University Press, USA, 2004

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0691121133. A near fine Hardcover in a near fine jacket, from closed Astra Zeneca company library. Lending record shows this book has been borrowed once only. 154 pages, refs index. From Nobel Prize winning economist Michael Kremer and leading development economist Rachel Glennerster, an innovative solution for providing vaccines in poor countries. Millions of people in the third world die from diseases that are rare in the first world, such as malaria, tuberculosis, and schistosomiasis. AIDS, which is now usually treated in rich countries, still ravages the world's poor. Vaccines offer the best hope for controlling these diseases and could dramatically improve health in poor countries. Developers have little incentive to undertake the costly research needed, because the potential consumers are poor, but also because governments drive down prices. Contents clean, tight and bright.

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Dati bibliografici

• Titolo: Strong Medicine: Creating Incentives for Pharmaceutical Research on Neglected Diseases
• Editore: Princeton University Press, USA
• Data di pubblicazione: 2004
• Lingua: Inglese
• ISBN 10: 0691121133
• ISBN 13: 9780691121130
• Rilegatura: Hardcover
• Condizione: Near Fine
• Condizione della sovraccoperta: Near Fine
• Tipo di libro: Book
• Cataloghi dei venditori:
  • Pharmaceutical Industry

Descrizione articolo

Riassunto

From Nobel Prize–winning economist Michael Kremer and fellow leading development economist Rachel Glennerster, an innovative solution for providing vaccines in poor countries

Millions of people in the third world die from diseases that are rare in the first world—diseases like malaria, tuberculosis, and schistosomiasis. AIDS, which is now usually treated in rich countries, still ravages the world's poor. Vaccines offer the best hope for controlling these diseases and could dramatically improve health in poor countries. But developers have little incentive to undertake the costly and risky research needed to develop vaccines. This is partly because the potential consumers are poor, but also because governments drive down prices.

In Strong Medicine, Michael Kremer and Rachel Glennerster offer an innovative yet simple solution to this worldwide problem: "Pull" programs to stimulate research. Here's how such programs would work. Funding agencies would commit to purchase viable vaccines if and when they were developed. This would create the incentives for vaccine developers to produce usable products for these neglected diseases. Private firms, rather than funding agencies, would pick which research strategies to pursue. After purchasing the vaccine, funders could distribute it at little or no cost to the afflicted countries.

Strong Medicine details just how these legally binding commitments would work. Ultimately, if no vaccines were developed, such a commitment would cost nothing. But if vaccines were developed, the program would save millions of lives and would be among the world's most cost-effective health interventions.

Informazioni sull?autore

Michael Kremer, the winner of the 2019 Nobel Prize in Economics, is the Gates Professor of Developing Societies at Harvard University. He is a recipient of a MacArthur Fellowship and was named a Young Global Leader by the World Economic Forum. Rachel Glennerster is chief economist at the UK's Department for International Development. She is on leave as executive director of the Jameel Poverty Action Lab at the Massachusetts Institute of Technology.