Law and NCD Unit

Financialisation and the Commercial Determinants of Health

1:30pm - 3:00pm / Friday 14th June 2024 / Venue: Events Space, Ground Floor School of Law & Social Justice
Type: Seminar / Category: Department
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In this presentation, we will critically examine two interrelated aspects of 'financialisation' and their relationship with the commercial determinants of health, i.e., the systems, practices, and pathways through which commercial actors drive health and equity. To start with, we will investigate the ‘maximising shareholder value’ form of corporate governance, which, since the 1970s, has reportedly emerged to become the most dominant principle of corporate governance worldwide. Following this, we will look at how a relatively small number of asset managers – financial intermediaries that invest capital in a range of assets, such as publicly listed shares, private equity, ‘real assets’ (e.g., housing, hospitals, farmland), and commodities – have emerged in recent decades to become some of the most influential commercial actors in the global political economy. The presentation will conclude with a discussion on important considerations for policymakers and advocates seeking to address the commercial determinants of ill-health and inequity.


Speaker: Dr Ben Wood
Ben is a research fellow with the Global Centre for Preventive Health and Nutrition, Deakin University, Australia. He has a background in clinical medicine and global health, and a PhD in public health. His research focuses on the commercial determinants of poor diets, ill-health, and inequity.


Discussant: Dr Safura Abdool Karim
Safura is the Oxford-Hopkins GLIDE postdoctoral fellow at the Berman Institute, Johns Hopkin University, and an Adjunct-Assistant Professor at the Mailman School of Public Health, Columbia University. She has an LLB from the University of Cape Town, an LLM in Global Health Law from Georgetown University, and a PhD in Law from the University of KwaZulu-Natal. Her research focuses on using law to improve health outcomes, particularly in relation to nutrition, diet-related NCDs, health technology assessment and COVID-19.