Pharmaceutical Manufacturing in Bangladesh – a Success Story
Pharmaceutical Manufacturing in Bangladesh – A Success Story. What can we learn? Padmashree Gehl Sampath FEAPM Advocacy Series No. 1 Pharmaceutical Manufacturing in Bangladesh – A Success Story. What can we learn? Padmashree Gehl Sampath Executive Summary: Pharmaceuticals as an engine of growth - lessons from Bangladesh Establishing a local pharmaceutical sector requires policy vision, policy consistency and coherence, But adopting best practices based on what has worked elsewhere calls for some degree of caution, with matching resource allocations, innovation support and monitoring. Although the state is a big not just because technological and entrepreneurial development is often shaped by context-specific actor in this effort, the private sector is equally important, and fostering capabilities in the local firms factors, but also because the global geopolitical context for trade, intellectual property and industrial in circumstances, where the general innovation environment has several shortcomings, is no easy development has now changed. As a result, many of the policy options, such as that of completely task. Experiences of many developed and advanced developing countries (especially India and China) restricting foreign firms from the local market, may no longer be possible. shows that it requires critical coordination and foresight on part of policy making to enable local firms to access technologies, create local capabilities, produce and export. If done correctly, local production Despite these caveats, given the political vision, commitment and the public health needs of the East can achieve several goals at once: it can become a source of steady employment, establish backward Asian community, a number of recommendations can be drawn. A starting point is integrating and and forward linkages with the rest of the economy with related technology spill-overs and demand clearly embedding the ambition for pharmaceutical manufacturing in the national vision and devel- effects that facilitate broader economic development.
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