Globalization ka Side Effects

Privatization of Public Assets was one of the core tenets of Globalization. Keeping pace with the never ending stream of bad news for globalization, BBC reports about the spurt of deaths among men due to privatization in erstwhile USSR. The sideeffects of privatization has indirectly led to the death of about a million people, reports the BBC.

he rapid mass privatisation which followed the break up of the Soviet Union fuelled an increase in death rates among men, research suggests.

The UK study blames rapidly rising unemployment resulting from the break-neck speed of reform.The researchers said their findings should act as a warning to other nations that are beginning to embrace widespread market reform. The study features online in The Lancet medical journal. Lancet researchers have said

Great caution should be taken when macroeconomic policies seek radically to overhaul the economy without considering potential effects on the population's health

They conclude that as many as one million working-age men died due to the economic shock of mass privatisation policies. The latest analysis links this surge in deaths to a 56% increase in unemployment over the same period. However, it found some countries with good social support networks withstood the turmoil better than others. Where 45% or more of the population were members of at least one social organisation, such as a church group or labour union, mass privatisation did not increase mortality.

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