Commercialisation of biotechnology in newly industrialised economies
Document Type
Journal article
Source Publication
International Journal of Biotechnology
Publication Date
2004
Volume
6
Issue
2/3
First Page
243
Last Page
259
Abstract
Biotechnology, the surging wave of economic development in the world, prompted Newly Industrialised Economies (NIEs) in Asia to emulate developed countries in biotechnology development. The stakes are however high and the uncertainty about return on investment has provoked a careful assessment of national scientific and technological strengths. With a focus on Hong Kong, Singapore, and Taiwan, this paper reviews the current market conditions and key factors that may advantage the development of biotechnology industry in the NIEs. It is argued that co-evolution of scientific and technology capabilities are essential, and the NIEs will have to leverage their comparative advantages in technological capabilities and should focus on core competencies in the already locally established biotechnology areas.
DOI
10.1504/IJBT.2004.004812
Print ISSN
09636048
E-ISSN
17415020
Publisher Statement
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Full-text Version
Publisher’s Version
Language
English
Recommended Citation
Poon, P. & Liyanage S. (2004) Commercialisation of biotechnology in newly industrialised economies. International Journal of Biotechnology, 6(2/3), 243-259. DOI: http://dx.doi.org/10.1504/IJBT.2004.004812