Evidence That Could Impact Health Policy Decisions
What Strategies Can Staff Nurses Use To Share Evidence That Could Impact Health Policy Decisions?
Europe also provides an example of how capitalist ideals benefit the economy. The European Union set out 10 billion Euros in their budget in 2015 for Horizon 2020, a research and innovation program (Budget, 2014). Horizon 2020 is a program that was initiated to increase Europe’s competitiveness globally, and “Seen as a means to drive economic growth and create jobs” according to the European Union (2014). It all comes down to economic growth; innovation leads to economic growth. The need for innovation is only felt when there is competition, which communist countries do not experience. Economic growth is vital for people to reap the benefits of an economy that is successful. When the citizens of a country see the ways in which their government has improved their country’s economy, they become satisfied, and satisfaction leads to stability in all realms.
Capitalist societies provide opportunity for globalization because of the free market. Globalization has its critics, such as Joseph Stiglitz. Stiglitz says that the bottom 90% in the US have experienced stagnation in their incomes for about thirty years (2016). While this may be true, Stiglitz is ignoring that there are economic implications to war because of foreign trade. Globalization has benefited China greatly, therefore globalization has its benefits. Free global markets force relationships and tolerance between countries. Communist economies have closed markets, like the Soviet Union. They relied solely on their economy, which may have been a contributing reason for their collapse. Globalized free market economies ensure global peace. The formation of trade arrangements such as NAFTA, and the EU has resulted in higher stakes for wars, because they have the potential to cause a larger economic downfall than in the past. Without a free market economy, trading is not possible, because foreign trade would not occur.
The North American Free Trade Agreement (NAFTA) is an example of a global economy. NAFTA was