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Books > Reference & Interdisciplinary > Interdisciplinary studies > Area / regional studies
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The Japanese Pharmaceutical Industry - The New Drug Lag and the Failure of Industrial Policy (Hardcover)
Loot Price: R3,406
Discovery Miles 34 060
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The Japanese Pharmaceutical Industry - The New Drug Lag and the Failure of Industrial Policy (Hardcover)
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Japan has succeeded in many industries through its renowned
production system. Competitive advantage, however, in the new
economy is shifting from production to demand-based capabilities.
One such new industry is pharmaceuticals, where Japan has been a
resounding failure, both from public policy and corporate strategy
perspectives. This book provides a detailed examination of how
Japan has socially constructed its pharmaceutical industry, the
economic and political bases of this construction and the
consequences for corporate innovation and performance.Perhaps the
starkest indication of this failure of Japanese public policy is
the emergence of a new drug lag in that nation. Almost 90 percent
of recent important new drugs are unavailable in Japan, despite
their widespread diffusion throughout the rest of the world.
Analysis of this drug lag confirms that it is not due to government
discrimination against Western firms, but rather is only one of
many consequences of failed Japanese industrial policies. The
author presents an analysis of the nature, causes and consequences
of the new drug lag in Japan. He contrasts the problem with the one
experienced in the US and looks at the powerful role played by
domestic politics in shaping the pharmaceutical industry. The last
chapters look at the various remedies available. Academics, experts
in government and industry, researchers and students of industrial
policy, economics, public health and trade policy will find the
examination of this important industry both informative and
enlightening.
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