EJB Electronic Journal of Biotechnology
ISSN: 0717-3458 |
Vol. 3 No. 2, Issue of August 15, 2000. |
© 2000 by Universidad Católica de
Valparaíso -- Chile |
Received February
26, 2000 / Accepted May 15, 2000 |
An international political
economic view of the biotechnology industry
Ian Edward
Pownall*
University of Hull
Scarborough Campus
Scarborough Centre for Business and Leisure Managment
Filey Road, Scarborough
North Yorkshire, England
YO11 3AZ
Tel. 01723 362392 Ext 262 Fax. 01723 370815
E-mail: ianp@ucscarb.ac.uk
* Corresponding author
Keywords : Collaboration,
Competitiveness, Industrial structure, Policy, Technology transfer, Triad
This paper uses
a model developed from the international political economy (IPE) school,
to address the structure of the biotechnology industry. In particular,
by focusing upon four primary structural elements of the industry, knowledge,
production, finance and security with key secondary considerations of
biosafety, public opinion and choice of intellectual property regime,
the development of biotechnology companies from developed countries
fits within a triad dominated industry with specific interests towards
firms from developing countries. The activities of a sample of US National
Association of Securities Dealers Stock Market (NASDAQ) quoted biotechnology
firms are investigated to support the model which concludes by the observation
of the need to include both strategic and traditionally non strategic
interests when reviewing policy formulation and objectives for firms
in the biotechnology industry.
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