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date: 01 October 2020

Abstract and Keywords

This chapter examines the impact of globalization on healthcare. It considers six important parts of the health industry being influenced by globalization: hospitals, health insurance, patient care, drugs and medical devices, telemedicine, and medical personnel. This chapter uses two common themes to understand how globalization might represent “the great rebalancing” in healthcare: first, “market-driven convergence” is pushing standards and practices in the health industry to become more alike across jurisdictions; second, the lack of international law and the limits of domestic law create a transnational legal void in which globalization advances almost unfettered. The chapter considers the limits of domestic law and the feasibility of international cooperation before concluding with an assessment of various “soft law” levers and their ability to correct market failures as well as inequities in global healthcare markets.

Keywords: globalization, healthcare, health markets, hospitals, health insurance, patient care, drugs, medical devices, telemedicine, medical personnel

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