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The Impact of Economic Crises on Health: Past Evidence and Policy Implications for Asia

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Economic Stress, Human Capital, and Families in Asia

Part of the book series: Quality of Life in Asia ((QLAS,volume 4))

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Abstract

Based on the past lessons of history, public policy priorities during times of crisis should aim at strengthening social welfare and mental health services, monitoring risks and symptoms over critical time periods, and should pay special attention to high-risk and vulnerable groups and render assistance in priority areas of need. Governments play a critical role in providing social protection but face competing demands for funding (Marmot and Bell, BMJ, 338:858–860 b1314, 2009). The onus is on health and social policy advocates to lobby for political action to strengthen and maintain safety nets. Resource allocation needs to be prioritized to make healthcare more affordable, and social and healthcare financing needs to be diversified for this purpose. Investment in prevention and early detection and treatment of illness is good public policy in times of economic crisis, and an urgent priority is the strengthening of mental health services in anticipation of the increased demand (Phua and Kua, Asia Pacific Psychiatry, 1(2):55–57, 2009). Economic crises should provide opportunities and the imperative to implement evidence-based health policies, to protect and expand public health budgets in order to avoid longer-term social and economic costs.

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Phua, K.H., Phua, K.L. (2013). The Impact of Economic Crises on Health: Past Evidence and Policy Implications for Asia. In: Yeung, WJ., Yap, M. (eds) Economic Stress, Human Capital, and Families in Asia. Quality of Life in Asia, vol 4. Springer, Dordrecht. https://doi.org/10.1007/978-94-007-7386-8_13

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