The role of AIIB and NDB in the development of the Asian finance

Igbal, Guliev; Rustam, Kamalov; Irina, Rassolova; Fedor, Arzhaev

doi:10.2991/iccesd-19.2019.6

Cited by 2 publications

(1 citation statement)

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“…In the presence of significant changes in health care spending, challenges in maintaining financial sustainability remain. Most medium-term economic forecasts predict that growth in BRICS countries is entering a sustainable stage, with slightly slower real GDP growth rates, 14 which means that spending may slow in various sectors. However, the GDP growth in the BRICS nations still far exceeds growth in traditional high-income markets 15 …”

Section: Challenges and Potential Solutionsmentioning

confidence: 99%

The impact of health expenditures on public health in BRICS nations

Jakovljević

Timofeyev

Ekkert

et al. 2019

Journal of Sport and Health Science

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HighlightsExperiencing a rapid economic growth, Brazil, Russia, India, China, and South Africa (BRICS nations) are now confronting a growing aging population and an increasing prevalence of noncommunicable diseases.The health care spending share of the economy in the BRICS nations is growing and constitutes an important part of governmental efforts to address population health and health care systems.Even with the growth in health expenditures, there remains a significant challenge in balancing the need for promoting public health, controlling noncommunicable diseases, and improving population health in these emerging economies.BRICS nations have a great potential for embracing a public health agenda aimed at promoting physical activity and healthy lifestyles as part of the BRICS public health policies in order to improve population health and reduce the burden of noncommunicable diseases.

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Section: Challenges and Potential Solutionsmentioning

confidence: 99%

The impact of health expenditures on public health in BRICS nations

Jakovljević

Timofeyev

Ekkert

et al. 2019

Journal of Sport and Health Science

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Asian financial development: the rise of a new financial system

Mekhdiev

Bikmetova

Iamalova

et al. 2021

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Today, the global financial system is inefficient in bridging the gap between the developed and developing countries. The dynamically developing countries, such as Asian states, are not satisfied with modern international financial institutions and are actively involved in regional integration, creating new international financial institutions. The newly formed financial institutions contribute to the formation of a different system of financial relations in Asia, which, in turn, is being transformed into the Asian financial system. These trends cannot avoid the impact of the global imbalances. The object of the article is to prove the efficiency of the Asian financial institutions in fighting global imbalances in the region. The major task of these institutions is not the substitution of the current global mechanisms, but their assistance and helping them in solving the global problems on the regional level. The major results include the proof that the developing economies in Asia are more consolidated and capable of conducting a single economic strategy in the long run and the proof of the higher efficiency of Asian financial institutions and their single geo-economic strategy in the long run; this suggests that a new Asian financial system is being built.

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The role of AIIB and NDB in the development of the Asian finance

Cited by 2 publications

References 1 publication

The impact of health expenditures on public health in BRICS nations

The impact of health expenditures on public health in BRICS nations

Asian financial development: the rise of a new financial system

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