Commercialisation of biotechnology in newly industrialised economies

Shing Chung, Patrick POON, Shantha LIYANAGE

Research output: Journal PublicationsJournal Article (refereed)

6 Citations (Scopus)

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.
Original languageEnglish
Pages (from-to)243-259
Number of pages17
JournalInternational Journal of Biotechnology
Volume6
Issue number2/3
DOIs
Publication statusPublished - 1 Jan 2004

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