Cross-border Merger and Acquisitions purchases in food, beverages, and tobacco. Source: World Investment Report 2018, Table 10 (Annex); calculations and illustrations by CPC Analytics. Note: The average M&A value in the sectors food, beverages, and tobacco between 2000 – 2009 is calculated by excluding the two crisis years. Credit
In the past, the role of global capital flows for health has not been considered in the debate about key risk factors of Noncommunicable Diseases (NCDs). This is a blind spot in public health. A significant share of the global food and beverage industry is owned by institutional investors. Cross-border mergers and acquisition volumes in the food, beverage, and tobacco industries have substantially increased. Progress on preventing and controlling NCDs requires the public health community to engage in a forward-looking discussion to address investors’ responsibility in relation to global health in general and the tsunami of NCDs in particular.
Citation: Franz C, Kickbusch I. The Capital NCD-Nexus: The Commercial Determinants of Health and Global Capital Flows Eurohealth 2018;24(3): 21-25.