Wednesday, July 23, 2003

Long term economic impact of AIDS more damaging than previously thought

The World Bank has released a new research report which "warns that HIV/AIDS causes far greater long-term damage to national economies than previously assumed, for by killing mostly young adults, the disease is robbing the children of AIDS victims of one or both parents to love, raise and educate them, and so undermines the basis of economic growth over the long haul...

"According to the new report 'The Long-run Economic Costs of AIDS: Theory and an Application to South Africa' most studies of the macroeconomic costs of AIDS, as measured by reduced GDP growth rates, do not pay enough attention to the way in which human knowledge and potential are created and can be lost."