This week, Vital Wave's CEO was in a head-on car collision with a Ugandan boda boda
(or scooter). Amazingly, everyone involved walked away unscathed,
narrowly avoiding joining the 50 million people worldwide who are
injured or killed in car accidents each year. This incident also
underscored an issue that is highly relevant to the continued growth of
emerging markets. The World Health Organization (WHO) has labeled
traffic fatalities a serious but neglected public health issue that
disproportionately affects developing countries. A full 90% of the 1.3
million people killed each year in road traffic injuries are in low- and
middle-income countries. Low-income rural countries have a per capita
traffic death rate more than twice that of high-income countries,
despite owning only 1% of registered vehicles. This discrepancy appears
to be widening, and current trends suggest that road traffic injuries
will be the third leading cause of death and disability worldwide by the
year 2020.
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The impact of traffic injuries is felt
across all sectors of emerging markets. Economically, road crashes cost
developing economies the equivalent of 1-3 percent of GNP each year.
These costs will only go up as car ownership and traffic levels balloon
faster than the surrounding road infrastructure and traffic safety
culture can support. In addition to the direct costs of automotive
crashes, the healthcare resources required to treat these injuries also
take away from efforts across the developing world to address high rates
of infectious disease and the increasing burden of chronic disease.
Cross-sector efforts present
opportunities to address this growing but neglected health and economic
problem in emerging markets. The WHO points out that "reducing the risk
in the world's road traffic systems requires commitment and informed
decision-making by government, industry, non-governmental organizations
and international agencies, and participation by people from many
different disciplines, such as road engineers, motor vehicle designers,
law enforcement officers and health professionals and community groups."
Such coordinated efforts – through public-private partnership,
strategic investments, and rigorous evaluation of needs and
interventions – stand to have direct, positive impact on social and
economic goals as well as business growth in industries as diverse as
high-tech, healthcare, and automotive.
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