UCL-chaired WHO Council launches on the Economics of Health for All
6 May 2021
Professor Mariana Mazzucato (Director, UCL Institute for Innovation & Public Purpose) is one of 11 global experts in economics, health, government, finance and development to join the new World Health Organisation Council, and will chair its first meeting on Thursday 6th May.
The Council’s focus is on new strategies to shape economies and financial systems with the objective of building healthy societies that are just, inclusive, equitable and sustainable. It will incorporate lessons learned during the Covid-19 pandemic.
Its role will be to provide independent advice to the Director-General on addressing interrelated health and economic challenges and mapping out a way forward that supports communities and countries to build healthy societies. To do so, it will provide recommendations for a new approach to shape the economy that supports health for all as an overall goal, including more equitable and effective health systems.
“I am delighted that WHO is convening this talented and driven group of global experts as the WHO Council on the Economics of Health for All, which is Chaired by the UCL economist Professor Mariana Mazzucato,” said Dr Tedros.
“I established this Council precisely to gather leading experts in economics, policy development and health, and to benefit from their knowledge and skill. I urge them to advise on a new way forward that ensures health is at the heart of all government action and investment decisions. We must value and invest in health as our most important commodity.”
The Council will hold its inaugural meeting on the 6th May, which will kickstart a robust and wide-ranging process to gather insights and develop actionable plans and forward looking practices built on real-world examples and lessons learned from the COVID-19 pandemic.
In addition to Professor Mariana Mazzucato, as Chair, the inaugural members of the council are Professor Senait Fisseha, Professor Jayati Ghosh, Vanessa Huang, Professor Stephanie Kelton, Professor Ilona Kickbusch, Linah Kelebogile Mohohlo, Dr Zélia Maria Profeta da Luz, Kate Raworth and Dame Marilyn Waring. Additional members may be appointed. Dr Vera Songwe will join as a special guest.
“The COVID-19 pandemic has shone the brightest light ever on the great lack of capacity and alignment among essential sectors in society in how they respond to the interlinked health and economic challenges people face in their daily lives,” said Professor Mazzucato, Council Chair, Professor of the Economics of Innovation and Public Value and Founding Director in the Institute for Innovation and Public Purpose at University College London.
“Government capacities for protecting public health and, in turn, safeguarding and boosting economies require interlinked strategies, investment and political commitment. Health for all must be at the heart of government investment and innovation decisions—and it must be governed with the common good in mind. The Council will work to address these many challenges and offer the world a path forward.”
The WHO Council aims to reframe health for all, as a global objective, and ensure that national and global economies and finance are structured in such a way to deliver on this ambitious goal. This includes advice on what can be done and practical tools in four important areas: new ways to measure and value health for all, build up public sector capacity to drive transformative change and innovate towards achieving population health goals, and, to ensure financial systems invest in creating health.
This requires a transformation in financing for health, not as a cost but a long-term investment for a “healthy society,” grounded in the fundamental truth that health and the economy are interdependent.
- WHO Council on the Economics of Health for All
- Professor Mariana Mazzucato's academic profile
- UCL Institute for Innovation & Public Purpose
- The Bartlett, UCL Faculty of the Built Environment
- 'How much is your health worth? The human and economic value of health in the era of Covid-19' Professor Mariana Mazzucato joins a discussion with Dr Tedros Adhanom Ghebreyesus and Dr Clare Wenham, taking questions from LSE and UCL students, chaired by Baroness Shafik
- Professor Mariana Mazzucato. Credit: UCL IIPP
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Email: k.corry [at] ucl.ac.uk