I posted recently on the booming market in Thai exports of health services. Americans and Europeans are travelling in droves to Thailand to take advantage of lower costs of health services there. I sent a copy of the post to a well-known Australian trade theorist and his immediate response was – why doesn’t Australia get in on this act?
I agree and so too does the Managing Director of the Australian Tourism Export Council. His argument – having a sound international reputation for health services would encourage heath tourism and regular tourism among those with health concerns. It would also lead to having improved health facilities available for Australian residents. We would have to pay more for our health services - unless discriminatory pricing was enforced via, for example, a tax on health exports - but economically Australia would enjoy gains from trade.