The results of the U.S. election this month have got me thinking about protectionism. Webster’s Dictionary defines protectionism as: “the theory or practice of shielding a country’s domestic industries from foreign competition by taxing imports.” Advocates for a global trade system are obviously opposed to this idea and many attest that even though the strategy seems like a good idea at the time, in the long term it will never really work out.
So why am I discussing foreign policy strategies? I’m a data scientist and eHealth advocate after all. I bring it up because protectionism is exactly what is being practiced throughout the healthcare industry and it is systematically killing healthcare innovation. For the full article click here
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