(Solution) BUSN115N Week 2 Assignment: Trade Agreements and the Healthcare Industry

Instructions

The various trade organizations and agreements discussed in the textbook and lessons affect a variety of industries, including healthcare. Choose an aspect of healthcare you would like to research. Some example might include medical devices, information technology, pharmaceuticals, public health, etc. Find at least two articles in the Chamberlain library that discuss your research topic and the effect of at least one global trade organization/agreement.

Write a 1.5 – 2 page essay explaining how the global marketplace affects your chosen topic. Your essay should include a summary of the trade agreement or organization chosen as well as the affects (both positive and negative) that agreement/organization has had on your given topic.

 

Solution

Pharmaceuticals is what this essay will cover considering Healthcare. Like, in the view of healthcare, pharmaceutical policies are influenced by global trade unity especially because it has an enormous influence on patients’ health and the US spends a lot of money to start drugs testing (Abbas, 2021). For instance, (TRIPS) Trade-Related Aspects of Intellectual Property Rights is a global agreement that influences the pharmaceutical point of healthcare. The members of “TRIPS” Agreements are required to give trademark protection according to their interests………………………………….$10