The First Market Environment
The First Market Environment
Trouble in the Making
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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