Innovations in the health sector can help propel economic growth both in the U.S. and its aid-recipient countries, says David Cook, executive vice president and chief operating officer of the International AIDS Vaccine Initiative.
Global heath research and development can bolster skills and infrastructure in the developing world’s science and technology sector and, in turn, spur economic growth, Cook argues.
“Global health R&D also is putting people to work across the U.S. at research centers, academic institutions and biotech companies,” Cook says of the benefit of global health research for U.S. citizens.
Citing data from Families USA, Cook says that for every USD1 million spent by the National Institutes of Health on health research and development in fiscal 2007, USD2.21 million was generated in business activity in the United States.
“As researchers in the U.S. and around the world are poised to build on this recent momentum, lawmakers looking to find common ground on how to spur the economy both in the U.S. and in the developing world have a great place to start in global health R&D,” Cook writes in a blog published in the website of reform coalition Modernizing Foreign Assistance Network.