Abstract
This study measures the different types of vulnerability experienced by Bangladeshi pharmaceutical firms since 2005, consequent upon the Agreement on Trade Related Intellectual Property Rights (TRIPS) of the World Trade Organisation (WTO). We find that that R&D-related vulnerability was the highest in the pharmaceutical sector in Bangladesh. Cluster analysis supports this proposition as 79.8% of the sampled firms had below average levels of innovativeness. We argue that the TRIPS transition period (which began in 2005 and is to end in 2015) has not been used effectively used by Bang- ladesh, the most technologically advanced LDC to create a strong technological platform for the pharmaceutical industry. Also, the expected process of transfer of technology has not taken place. We recommend that the post-TRIPS industrial policy for the pharmaceutical industry in Bangladesh should be designed and delivered with a key focus to improve the R&D and innovation capabilities of the domestic firms. Moreover, the WTO must evaluate the current mechanisms un- derpinning developed countries-LDCs technology transfer.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.