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IBA 301 Unit 2 Assignment Homework Latest-POST

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IBA 301 Unit 2 Assignment Homework Latest-POST

IBA 301 Unit 2 Assignment Homework Latest-POST

IBA301

IBA 301 Unit 2 Assignment Homework Latest-POST

Read Closing Case in Chapter 6The Rise of India’s Drug Industry

Synopsis: Over the past 15 years, pharmaceutical exports from India have exploded, going from just $1 billion in 2000 to almost $14 billion in 2012. Much of this growth can be attributed to the decision by many Western firms to outsource their manufacturing to the country, as well as India’s signed agreement to comply with WTO rules on intellectual property rights. India, with its relatively low-cost labor, large pool of English-speaking scientists and workers, and knowledge of U.S. and European drug regulations, is an attractive manufacturing location for Western firms.

Answer the following questions:

1: How might (a) U.S. pharmaceutical companies and (b) U.S. consumers benefit from the rise of the Indian pharmaceutical industry?

2: Do the benefits from trade with the Indian pharmaceutical sector outweigh the losses?

3: What international trade theory (or theories) best explains the rise of India as a major exporter of pharmaceuticals?

Note: Your work should follow proper APA formatting including 12pt Times New Roman font, 1″ margins all around, double-spaced, indented responses, title page, in-text citations, and reference page.

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