title: Import Substitution and/or Export Orientation: the Case of Indian Pharmaceutical Industry
metadata.name: dc.contributor.author
metadata.value: Gubina, Maryana A.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2019-07-18T12:35:42Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2019-07-18T12:35:42Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2019-06
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Gubina, M. A. (2019) Import Substitution and/or Export Orientation: the Case of Indian Pharmaceutical Industry. St Petersburg University Journal of Economic Studies, vol. 35, issue 2, pp. 197–222.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu05.2019.202
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/15986
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: This article is devoted to Indian experience of catch-up development strategy implementation in the pharmaceutical industry. Economic development in various countries is sometimes based upon import substitution system. But for the officially supported programs, production sectors used to demonstrate low competitiveness (or worse). On the other hand, alternative industrial strategies (export-orientation) tend to be resulting considerable performance and promotion on the global market. So, the following issues have attracted our attention: 1) effects of catch-up development policy enforcement in Indian pharmaceutical industry (from 1947 up to now); 2) identification of competitive differentiators in Indian pharmaceutical industry. The research showed that Indian pharmaceutics success had been determined by combination of external and internal factors: a wide range of import substitution and exportoriented tools and activities (internal factors); forfeiture of patent rights of leading medical products on the international market that had encouraged some Indian medicine manufacturers to advance; essential need to control increasing drug expenditures in the USA and regulations established by Hatch-Waxman Act in 1984 (external factors). Those factors facilitated Indian generics expansion and brought Indian companies to leading positions on the American generic market. Top-priority industries can yield huge dividends eventually provided that state-backed policy is pursued. The other article worth mentioning is that effect of the import substitution activity is time limited. Export-oriented policy is recognized as more productive and profitable in the long run.
metadata.lang: en_GB
metadata.name: dc.description.sponsorship
metadata.value: This research was supported by Russian Foundation for Basic Research (RFBR) N 17-02-00688 “Transformation of Russian Foreign Economic Policy in Changing Geopolitics”.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: St Petersburg University Journal of Economic Studies;Volume 35; Issue 2
metadata.lang: -
metadata.name: dc.subject
metadata.value: import substitution
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: India
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: catch-up development strategy
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: industrial strategy
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: pharmaceutical industry
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: export orientation
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Import Substitution and/or Export Orientation: the Case of Indian Pharmaceutical Industry
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 197-222.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/15986/1/197-222.pdf
resources.format: Adobe PDF
resources.size: 864,44 kB