The analysis starts from the recognition of the difficulties that both Europe and the US are facing in dealing with the current economic crisis and of the emergence of a new middle class in China with increasing needs in terms of welfare. This paper suggests that the exportation of high-quality, health-related goods and services from the West to China could represent a possible way to support knowledge-intensive sectors in Europe and the US on one side, while allowing a growing part of the Chinese population to access advanced health goods and services on the other. In terms of industrial policy, this means to facilitate the destruction of barriers to entry in the China market (unfair competition, predominance of traditional Chinese medicine and producer-consumer information asymmetries) but also the creation or the enforcement of innovation networks that are a pre-requisite to maintain a high quality level in the production of Western Medicine products and services.
Chinese demand for health and business opportunities for Western medicine industries. How industrial policy might encourage the link
DI TOMMASO, Marco Rodolfo;RUBINI, Lauretta;
2014
Abstract
The analysis starts from the recognition of the difficulties that both Europe and the US are facing in dealing with the current economic crisis and of the emergence of a new middle class in China with increasing needs in terms of welfare. This paper suggests that the exportation of high-quality, health-related goods and services from the West to China could represent a possible way to support knowledge-intensive sectors in Europe and the US on one side, while allowing a growing part of the Chinese population to access advanced health goods and services on the other. In terms of industrial policy, this means to facilitate the destruction of barriers to entry in the China market (unfair competition, predominance of traditional Chinese medicine and producer-consumer information asymmetries) but also the creation or the enforcement of innovation networks that are a pre-requisite to maintain a high quality level in the production of Western Medicine products and services.I documenti in SFERA sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
