Japan Cannot Find the Right Pick-Me-Up for Its Pill Makers
Article Abstract:
The Japanese government appears to be abandoning its five-year effort to transform its pharmaceuticals industry into an innovative and lucrative market leader. Instead, it may turn its attention to cutting health costs. The Japanese have introduced seventy-eight new drugs to the world market in the last two years, but they have had only marginal commercial success. Causes are sited. Very few foreign subsidiaries of Japanese drug companies have been established. The government's cutting of drug prices by sixteen per cent in March will decrease company profits. Foreign companies are investing in Japanese drug companies.
Publication Name: Economist
Subject: Economics
ISSN: 0013-0613
Year: 1984
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A Happy Old Year
Article Abstract:
The OECD did better economically in 1983 than expected. However, if growth is to continue, oil prices, interest rates and the United States budget deficit must fall. A graph is included.
Publication Name: Economist
Subject: Economics
ISSN: 0013-0613
Year: 1983
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