Abstract
African countries, particularly the smaller ones, suffer from various disadvantages that prevent local producers from serving a substantial proportion of their domestic markets for pharmaceuticals. How to take care of these disadvantages to promote local production and to reduce dependence on imports is an important political and economic issue in Africa today. Most of the countries with developed industries have used foreign investments and technology in the process of their development. Is a similar trend likely in Africa? Are foreign companies likely to invest there to undertake manufacturing of pharmaceuticals? Can they be induced to do so? The objective of this chapter is to understand the prospects for foreign direct investment (FDI) in the pharmaceutical industry in Sub-Saharan Africa, particularly in smaller countries such as Ghana.
Chapter PDF
Similar content being viewed by others
Keywords
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
Editor information
Editors and Affiliations
Rights and permissions
This chapter is published under an open access license. Please check the 'Copyright Information' section either on this page or in the PDF for details of this license and what re-use is permitted. If your intended use exceeds what is permitted by the license or if you are unable to locate the licence and re-use information, please contact the Rights and Permissions team.
Copyright information
© 2016 Sudip Chaudhuri
About this chapter
Cite this chapter
Chaudhuri, S. (2016). Can Foreign Firms Promote Local Production of Pharmaceuticals in Africa?. In: Mackintosh, M., Banda, G., Tibandebage, P., Wamae, W. (eds) Making Medicines in Africa. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-137-54647-0_7
Download citation
DOI: https://doi.org/10.1007/978-1-137-54647-0_7
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-137-57133-5
Online ISBN: 978-1-137-54647-0
eBook Packages: Economics and FinanceEconomics and Finance (R0)