Required Resources
Read/review the following resources for this activity:
- Textbook: Chapter 3
- Lesson.
- Minimum of 2 scholarly sources
Instructions
The various trade organizations and agreements discussed in the textbook and lessons affect a variety of industries, including healthcare. Choose an aspect of healthcare you would like to research. Some example might include medical devices, information technology, pharmaceuticals, public health, etc. Find at least two articles in the Chamberlain library that discuss your research topic and the effect of at least one global trade organization/agreement.
Write a 1.5 – 2 page essay explaining how the global marketplace affects your chosen topic. Your essay should include a summary of the trade agreement or organization chosen as well as the affects (both positive and negative) that agreement/organization has had on your given topic.
ANSWER
The pharmaceutical industry is one of the largest markets in the world with a majority of players concentrated in the United States, European Union, and China. The industry has experienced significant growth in the past two decades owing to the rising demand for drugs. Besides, firms in the industry are expanding and reaching new markets through mergers and acquisitions. International trade is inevitable in the pharmaceutical industry, considering the high demand for drugs and the concentration of market players in particular regional markets.
The World Trade Organization (WTO) regulates trades and creates favorable conditions for member countries. Gitman et al., (2018) noted that….. Purchase full answer using the button below.