The Rise of India’s Drug Industry (pages 615-616 of the textbook)
Question 3.
- How might (a) U.S. pharmaceutical companies and (b) U.S. consumers benefit from the rise of the Indian pharmaceutical industry? (0.25 points)
- Who might have lost out as a result of the recent rise of the Indian pharmaceutical industry? (0.25 points)
- Do the benefits from trade with the Indian pharmaceutical sector outweigh the losses? (0.25 points)
- What international trade theory (or theories) best explains the rise of India as a major exporter of pharmaceuticals? (0.25 points)
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