Academic Health Centers: A Time to Respond to the New Global Economy By Steven A. Wartman, MD, PhD, MACPA time of great economic turmoil challenges all nations to define new roadmaps, find new answers, and set new directions. In the United States, for example, the government is responding to an economic crisis of historic proportion, with Congress enacting a massive stimulus package, state governments turning to Washington to salvage their budgets and pay for public services, and the Federal Reserve hinting at the nationalization of some banks.
There is a dizzying array of ideas and plans, as well as debates, on every economic issue from regulation to managing budget deficits to tax policy. Of course, the full toll of the economic crisis is still unknown. What was once a problem of bad mortgages and poorly-managed banks has spread far wider, devouring the global economy at a pace that has surpassed most predictions. The clear message from a global perspective is that nations are linked to one another, and this interconnectedness increasingly applies to and has implications for academic health centers.
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