This exploratory essay argues that economic forces and scientific advances will inevitably lead to an integration between Chinese and western medicine. Chinese medicine can serve as medicine of the poor for the developing world and can enhance the quality of life for people in the developed countries. There is a case for part of the development aid to developing countries to be channeled to the promotion of Chinese medicine. However, caution should be exercised to avoid presenting Chinese medicine as competing with practitioners in local traditional medicine. There is a huge market for Chinese traditional medicine as it gains more credibility and acceptance. Governments and commercial interests should work together to exploit this market.
Contribution to Book
An exploratory essay on the economics of Chinese medicineChinese medicine in modern society: Proceedings of an international seminar on Chinese medicine
Document TypeBook chapter
PublisherHong Kong Baptist University
Additional InformationISBN of the source publication: 962861942X
Citation InformationHo, L.-S. (2002). An exploratory essay on the economics of Chinese medicine. In F. H. Fu (Ed.), Chinese medicine in modern society: Proceedings of an international seminar on Chinese medicine (pp. 22-28). Hong Kong: Hong Kong Baptist University.