Within the global economic order, theories and concepts are not always enough to change prevailing ideas or actions of greater states. However, there are examples of instances which the theory and action which resulted from that concept, were enough to change global economic governance. One such example is the changes to the intellectual property right legislation, which has drastically impacted the developing worlds access to medicine. However, on the other hand, dependency theory and its effect on the new global world order, stands in stark contrast. This research shall examine the concept of dependency theory, the impact or lack of impact it had on the idea of the new economic world order, the change to intellectual property rights and the …show more content…
Dependency theory is based around the occurrence of wealthier states benefitting economically from poorer states. Dependency theory argues against the notion that non-developed nations are created and evolve in the same way as developed nations, when in reality, they all have a different history, culture and way of growing. It brings forth the notion that there is a common course for development, and that the developing nations will just follow this path. Dependency theory highlights how economic development, although it might involve develop and non-developed nations, does not mean that economic prosperity is inevitable. Dependency theory highlights that poorer nations are able to be taken advantage of, for they have the natural resources, and large populations which are used for cheap labor, but lack the ability to establish systems that benefit economic prosperity. Dependency theory is based around this system, and reinforces the idea that wealthier nations are able to take advantage of …show more content…
An example of this is the changing to legislation of intellectual property rights, altered the accessibility of medicines to the developing nations which were previously restricted, and lacking proper accessibility to treatment. The acronym TRIPS plays a vital role in understanding the success of this concept, it stands for World Trade Organisation’s Trade Related Aspects of Intellectual Property Rights. Administered by the World Trade Organsiation, it makes sure that a nation reflects the intellectual property rights within their domestic laws. Before TRIPS was enforced, most developed nations enforced intellectual property rights, yet many developing nations did not. Whilst this meant that that medicine prices were lower, for blah blah states “Increased competition is proven to result in lower prices, which in turn contribute to improved access to medicines”, it was the Developed Nations which benefited from the profit gained from using the resources of the developing nations. Prohibitive drug prices are often the result of strong intellectual property protection. It is therefore unsurprising that places like the United Nations, Japan, China and a few in Western Europe, have fought for stronger control and higher levels of property rights laws. These nations argue for strong global protection, as they have
In the case of Abbott Laboratories v. Portland Retail Druggists, the respondent brought an antitrust action against Abbott Laboratories claiming that they had violated the Robinson-Patman Act. The pharmaceutical manufacturers had sold drugs to not-for-profit hospitals at lower prices then to the commercial pharmacies (Showalter, pg 452). The Robinson-Patman Act of 1936, which was an amendment to the Clayton Antitrust Act (Elfand, n.d.), had made it unlawful to discriminate by placing a pricing difference between buyers of similar goods, when “the effect of such discrimination may be substantially to lessen competition” (Abbott Laboratories v. Portland Retail Druggists, 1976). As the petitioners, Abbott Laboratories claimed that the price
Right now in the United States of America, there is a monopoly that exists that involves epinephrine auto-injectors. EpiPen is the United States only supplier of these auto-injectors because other brands have suffered setbacks and failures, patent protection laws, and because there are currently no generic versions of EpiPen in the United States (Johnson). This monopoly was not a problem until Mylan bought Meda AB in 2007 (Paton). “Since Mylan bought the rights to EpiPen in 2007, it has raised the price on 15 separate occasions, bringing the current list price to $608 for a two-pack up from about $50 a pen in 2007” (Mole). This has been a price increase of more than 500%, and this shows that Mylan has been using the monopoly to its advantage.
Therefore the government should regulate the pharmaceutical industry because the industry is harmful towards the economy and patients. The government can achieve this by enabling a cap on prices of specialty drugs and ensuring DCTA is not
Thus our gift to the poor of the world should be that we tear down the rules that stop them from supplying things to us,” said Tim Worstall, author of Forbes “Proof that Government Aid Doesn’t Produce Economic Growth. I completely agree with his statement. If history is proving the original idea wrong then it is time to find a new approach. At the same time, in terms of trade, if the country is an exclusive, civil law, centralized government and the goods are controlled by the government then while there will economic growth in the interim, like China, there could still be a downfall.
Ayiti is a Caribbean country located on the western one-third of the island of Hispaniola. Haiti's land is mostly rough and mountainous. The capital of Haiti is Port-au-Prince. Ayiti is divided in 10 departments. The Haitian government has 3 Branches of government.
Why? Mainly because of very high prices of ARVs and international patents that didn’t allow the drugs to be manufactured at cheaper prices causing mass destruction. The main problems that are highlighted in the documentary are high prices of the drugs (which lead to higher deaths), Restrictions on imports, patenting of drugs (cheaper generic drugs couldn’t be manufactured) and monopoly by big pharmaceutical companies ( leading to higher prices of life saving drugs) and players at stake were Pfizer, Cipla, Private Companies and generic drugs
Every citizen in the United States has individual rights protected by the Constitution. This protection also includes businesses that have gone through the legal process to become a legal entity ; more commonly known as becoming a corporation. Many times these individual rights, protected by the Constitution, conflict with the common good and as history shows, the courts consistently side with the common good when faced with a case that pits these two against each other. Big Pharma are corporations exercising their individual rights to market, and sell their product to consumers. In the process, the common good is suffering.
As described by Kilama, many actions have been taken over the last two decades to resolve the 10/90 gap such as policies prioritizing funding for health research, developing capacities of credible public and private SSA health research institutions, activities of international NGOs undertaking research aimed at resolving the gap, and the setting up of research based mechanisms to ensure access to new effective products for the treatment and prevention of poverty-related diseases 3. But after all of these if we take for example HIV, there is not enough competition for the production of generic drugs for the second and third lines of antiretroviral therapies and the strong TRIPS protection. HIF make a good point about a key reason behind the 10/90 gap, which the misalignment of corporate and social goals. While society hopes to maximize the total health gain, companies are seeking to maximize their profits from each drug 4. As described on the video by Pogge, moral pressure on the leaders of pharmaceutical companies will not change how the system is working and will certainly not provide more access to medicines to developing countries due to the shareholders and
This is a novel especially relevant to any Third World country which is dependent on the largesse of the developed nations. KEYWORDS Pharmaceutical, corporate greed, TB, Third World, dypraxa Though Edward Said in his Orientalism and Frantz Fanon in his The Wretched of the Earth have discussed extensively the way the West has resorted to cultural and racial stereotyping of the East, it is not often an author
Many new companies to enter the market without burden of costly tasks such as research and development, clinical trials and manufacturing of drugs. Moreover, patent expiry is one of the reasons which is offering opportunities for lower cost generic manufacturer in terms of greater market access. Additionally, the government has increased their focus on healthcare cost cutting. It is creating pressure on the authority to allow early introduction of low-cost drugs in the
While government official or other regulatory leaders in other countries negotiate the cost of drugs, the old laissez-faire ‘let it be’ mentality remain strong in America; essentially, demonstrating the prevailing capitalism system. Since Medicaid endure the hefty price tag, they should have negotiating power over the final cost of the
Braverman’s deskilling concept According to Attewell (1987) Braverman starts with an argument that was made by Marx (1967), which stated that employees sell only their ability to work. Management must ensure that this ability is turned into work performed by the employees which will lead to profitability. Additionally, Braverman takes into consideration three implications that result from the argument made by Marx.
Brad Conley Prof. Greg Young IAFS 1000-1004 Though the international system today shares many aspects of realism, neoliberalism, constructivism, and marxism, neoliberalism is the predominant principles under which the international system operates. With the formation of several influential international governmental organizations (IGOs), the world has become a much safer place. Though neoliberal ideas draw from realism in the fact that the international system is in anarchy, neoliberalism dictates that the world is in a form of structured anarchy, perpetuated by the IGOs that governments partake in. By strengthening webs of interdependence, countries find the ability to interact amicably, and build up reliance upon one another. As countries
Introduction Globalisation is the process that brings together the complaints nations of the world under a unique global village that takes different social & economic cultures in to consideration. First this essay will analyse globalisation in a broader term, second the history and foundation of globalisation that were intended to address poverty and inequality, third the causes that lead to globalisation and the impact that globalisation has on the world’s economy. The participation in the global economy was to solve economic problem such as poverty and inequality between the developed and developing nations. What is Globalisation?
Modern nation states are all a part of the world-system of capitalism, and Wallerstein seeks to understand this world-system. According to Immanuel Wallerstein’s MWS theory, which can also be known as the world-systems analysis or the world-systems perspective, Global poverty and inequality are not natural and is not inevitable. On the contrary, the current problems of inequality and poverty are the outcomes of long historical process of uneven global development. This essay will discuss the key features of the world systems theory, it will then illustrate, using examples, how the MWS theory describes the North-South relations and explains prevailing global