Knowledge Economies in India and China: Challenges and prospects in pharmaceuticals and biotechnology Jayan Jose Thomas

Based on an analysis of the pharmaceuticals and biotechnology industries, this paper examines the challenges and prospects to innovation in China and India, in the context of globalization of R&D and the evolution of the post-TRIPs intellectual property regimes in these two countries. It is argued that rather than competing with each other by cutting wage costs, India and China need to initiate strong policy measures to counter the negative effects of globalization of R&D and join hands to take the lead in developing products of innovation that would benefit the third world.

pharmaceuticals_biotechnology (Download the full text in PDF format)