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Market MenagerieHealth and Development in Late Industrial States$
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Smita Srinivas

Print publication date: 2012

Print ISBN-13: 9780804780544

Published to Stanford Scholarship Online: June 2013

DOI: 10.11126/stanford/9780804780544.001.0001

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PRINTED FROM STANFORD SCHOLARSHIP ONLINE (www.stanford.universitypressscholarship.com). (c) Copyright Stanford University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in SSO for personal use.date: 01 July 2022

The First Market Environment

The First Market Environment

Trouble in the Making

(p.55) 2 The First Market Environment
Market Menagerie
Stanford University Press

This chapter describes the first market environment of the pharmaceutical industry in India during the period from 1950 to 1970. It discusses the challenges for public-sector technological advance and its political climate during this period and explains the three distinctive qualities of the market environment. This chapter explains that despite the presence of an interventionist developmental state, the market environment was able to facilitate some technological and social convergence because it was relatively well planned and centrally controlled.

Keywords:   pharmaceutical industry, market environment, India, political climate, interventionist developmental state, technological convergence, social convergence, public sector

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