Economics Issues for the U . K . Biotechnology

نویسنده

  • John Van Reenen
چکیده

This paper examines the economic prospects for biotechnology industry, focusing on the U.K. position. We discuss some economic issues relating to the structure of the biotech industry and examine whether these factors can account for the relative success of the biotechnology sector in the U.K. compared to other European countries. We emphasise the importance of the science base, pharmaceutical companies and capital markets in giving Britain an advantage. Looking ahead we argue that prospects are good for the global growth of the industry due to supply and demand side factors. Britain is in a leading position in Europe but faces significant dangers, especially from public towards biotechnology.

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تاریخ انتشار 2002