Analysis of the competitiveness of the biological pharmaceutical industry on the example of the United States
Journal: RUDN Journal of Economics (Vol.31, No. 2)Publication Date: 2023-07-07
Authors : Kexin Wang; Yuliana Solovieva;
Page : 238-252
Keywords : bio pharmaceutical industry economy; biomedicine; China; USA; international competitiveness; Porter Diamond Model;
Abstract
Since entering the era of bioeconomy, the biotechnology industry economy represented by the bio pharmaceutical industry is leading a new wave of technological revolution. China’s strategic deployment for the bio pharmaceutical industry economy has achieved remarkable results, but there is still a large competitive gap compared with the United States and other biomedical powers. The goal of this article is to study the American biomedical market and find out the gap, so as to provide inspiration for the development of the biomedical industry in China and other countries. The Porter Diamond Model is used to build the theoretical research method analysis framework of the international competitiveness of the bio pharmaceutical industry. Taking the United States as an example, the paper analyzes its competitive advantages in six aspects: the elements of the biomedical industry, the enterprise structure and competition, the demand conditions, the relevant and supporting industries, the government and development opportunities. Based on this, the paper puts forward policy recommendations conclusions for China’s development of the bio pharmaceutical industry, so as to provide reference value for the development of the pharmaceutical industry.
Other Latest Articles
- Location of links in the pharmaceutical value chain in Сhina: the role of contract research organizations
- A model of economic stability for metallurgical companies under conditions of economic transformation and sanction risk
- An economic project of regional integration in Africa
- “But, human is all I am”: Exploration of Posthuman Feminism and (Dis) embodiment in the Short Story of Vandana Singh
- A Comparative Study of Symmetric Key Algorithms
Last modified: 2023-07-07 19:05:26