2.17.14 cases and reading

2.17.14 cases and reading - Ch 6 The Rise of Indias Drug...

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Ch. 6 The Rise of India’s Drug Industry India was known for cheap knockoffs of patented drugs but could not sell to developed markets since it was violating intellectual property rights 2005 agreement with World Trade Organization Stopped producing counterfeit products so foreign companies started dealing with India and improved growth for India due to partnerships between Western and Indian firms India’s advantages o Low wage rates, educated workforce, wide-spread use of English FDA opened offices in India to oversee and gives approval that makes India more attractive than other countries Good for consumers because it lowers cost lowers insurance Job loss in US pharmaceutical manufacturing Ch. 6 The Rise of Bangladesh’s Textile Trade Dependent on low-cost garments that they sell to mass-market retailers in the West (Walmart) The quota system ended in 2005 for one based on free trade Now Bangladesh had to compete with China/Indonesia
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