globalization - Andrew Field March 26 Dr. Balint Essay 3...

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Andrew Field March 26 Dr. Balint Essay 3 The World of Pharmaceuticals Many businesses use globalization as a way to attract new customers by making their products available to a larger audience of potential customers, instead of only those who live nearby. In most areas of business making a product available to a larger part of the world is an almost definite way to gain new customers, and this is certainly true in the pharmaceutical industry. Traditionally the pharmaceutical industry has always been a global one. In the past thousands of medications were available to low income patients in almost every country that would normally be unaffordable to them. Lives were being saved due to the availability of cheap generic medicines, however in the eyes of some, the production of these less expensive medications should have never been allowed. Over the past couple decades the trend of pharmaceutical companies going global has created many concerns for developing countries despite the positives. Usually a goal of globalizing is to benefit the world as a whole but as it relates to the pharmaceutical industry this does not seem to be the case. Policies created to protect companies’ rights to a patent are inadvertently denying poorer patients access to much needed medications by revoking their countries’ rights to import or produce generic copies of patented drugs. The well being of poorer
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nations seems to be given little concern because most people in these countries cannot afford expensive name brand medications. In the years before patent regulations were enforced regarding generic medications, “Countries such as Brazil, India, Thailand, and Egypt succeeded not just in reducing the dependence on imported medicines, but also in developing their capacity to produce and export the same medicines.”(Levinson) Not only were these countries providing affordable medications for people who could not afford it otherwise, they were strengthening their economies in the process. The New York Times foreign affairs columnist and Pulitzer Prize winner, Thomas L. Friedman’s opinion on globalization is that it “has both empowering and enriching features and disempowering and impoverishing features, and it all depends on how you manage it. If you think globalization is all good or all bad, you don’t get it.”(Levinson) People, cultures, and
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This note was uploaded on 04/08/2008 for the course ENGL 1100 taught by Professor Schneller during the Spring '07 term at Auburn University.

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globalization - Andrew Field March 26 Dr. Balint Essay 3...

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