Commission on Macroeconomics and Health (CMH)
The Commission on Macroeconomics and Health (CMH) was established by WHO in January 2000 to assess the contribution of health to global economic development. The Commission's report, presented to WHO in December 2001, concluded that health is a creator and pre-requisite of development. The Commission stressed that extending the coverage of health services and a small number of critical interventions to the world's poor could save millions of lives, reduce poverty, spur economic development, and promote global security. It argued that increased resources for health and a pro-poor focus could save 8 million lives a year by 2010 at a cost of US$27 billion a year and that the resulting increased productivity would yield US$186 billion a year.
Macroeconomics is the area of economics that focuses on the “big” economic aggregate forces, e.g. total employment, production, consumption, import and export prices, and incomes and inflation. It covers forces at a national level, such as national income, volumes of investment and consumption, employment, the national budget, as well as international factors, such as the volume of trade. The macroeconomy is significantly influenced by macroeconomic policies, such as monetary policies (money supply, interest rates) and fiscal policies (government expenditure and taxation).