Abstract
The global competition between states for position in the uncertain future of the life sciences brings a new dynamic to the intersection between geopolitics and the global knowledge economy. Armed with distinctive approaches to innovation in new health technologies, the emerging economies of China and India are determined to challenge the traditional hegemony of the developed countries in areas such as regenerative medicine where the promised biotechnology future is said to lie. Yet although the political belief that there is a future value for regenerative medicine is global, the precise nature of that future when measured in terms of the path of the science, the market demand, the cultural response, the commercialisation process and its associated business models is obscure. Drawing on theories of the competition and developmental state, I analyse the factors that shape a state's response to the promise of regenerative medicine, the strategies of ‘speculative innovation’ that may be adopted in pursuit of geopolitical advantage in this uncertain field, and the adaptive qualities necessary for a state's effective competition in an age of globalisation. This analysis is then applied to the emerging economies of China and India to assess their geopolitical strategies in regenerative medicine innovation, their current position in this part of the knowledge bioeconomy, and their likely impact on its continuing globalisation.
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