Globalization simply means the interaction of nations and their people in the form of products, services, cultural aspects, and knowledge. It has created a significant impact on the aging population of the world. According to the United Nations, all people who are 65 years old and above are termed as Aged people. The aging population has less value in the demographic dividends. But with new reforms and cutting-edge technology, our bureaucracy and corporate world are on the verge of effectively solving the problems of the aged population.
The health-related aspects of the aged people are substantially affected by the integration of the world. TRIPS agreements which led to the formation of the World Trade Organization during 1993-94 played an important role in changing the whole scenario related to this sector. Due to this agreement, patent laws related to medicines changed substantially. They became stricter causing a ban on the free flow of medicines. The procurement of cheap medicines became impossible and thus its prices skyrocketed. The high price of medicines in turn caused elder people to suffer. At the same time, globalization brought new opportunities for the procurement of medical facilities and medicines but its effect has been limited to the urban sector only.
The third thing is the pension sector. This sector has become more integrated due to globalization. Countries across the world have introduced pension reforms that have helped elder people. Due to nuclear families particularly in developing and developed countries, the problem of isolation and degrading respect has become stronger. Men specially aged one find themselves isolated which leads to various psychological issues. These problems give rise to various health hazards especially blood pressure and diabetes.
The health-related aspects of the aged people are substantially affected by the integration of the world. TRIPS agreements which led to the formation of the World Trade Organization during 1993-94 played an important role in changing the whole scenario related to this sector. Due to this agreement, patent laws related to medicines changed substantially. They became stricter causing a ban on the free flow of medicines. The procurement of cheap medicines became impossible and thus its prices skyrocketed. The high price of medicines in turn caused elder people to suffer. At the same time, globalization brought new opportunities for the procurement of medical facilities and medicines but its effect has been limited to the urban sector only.
The second thing is the emergence of the internet during the early nineties. Due to the internet, tasks such as online voting, e-banking, digital currency, and shopping became possible. It was only due to the internet that the problem of physical inability was solved. Knowledge sharing has helped elder people to form self-help groups related to particular problems. With the help of these groups, it became possible to integrate and interact in a more mature way. Social media sites have solved the problem of loneliness for aged people.
Dignity and self-respect is important for the aging population. Due to the migration of families, the problem of dependence on younger ones has increased. This dependence has restricted the aging population to fewer resources and opportunities. However, globalization has helped them to procure this self-respect in the form of a global audience. People can now interact more freely than they used to 20 years earlier. People are able to find opportunities that feed their need for self-respect.
The problems of aged people can be solved if we can integrate resources, increase means of communication and finally impart social values in the younger population. If we could prepare ourselves in advance for the possible problems related to the aged population then we can certainly tackle the side effects of globalization on the aging population.
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