A co-evolutionary perspective on the drivers of international sourcing of pharmaceutical R&D to India

The attractiveness of the Indian pharmaceutical industry as a destination for R&D sourcing by multinational corporations (MNCs) has evolved over the past decades. This evolution has coincided with changes in MNC strategies regarding sourcing location and governance modes. We propose a co-evoluti...

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Bibliographic Details
Published in:Journal of economic geography 2013-07, Vol.13 (4), p.677-700
Main Authors: Haakonsson, Stine Jessen, Jensen, Peter D. Ørberg, Mudambi, Susan M.
Format: Article
Language:English
Subjects:
Decision analysis
Location analysis
Multinational corporations
Pharmaceutical industry
R&D
Research & development
Sourcing
Studies
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Summary:The attractiveness of the Indian pharmaceutical industry as a destination for R&D sourcing by multinational corporations (MNCs) has evolved over the past decades. This evolution has coincided with changes in MNC strategies regarding sourcing location and governance modes. We propose a co-evolutionary theory perspective embracing both firm-internal and firm-environmental factors for location attractiveness, along with institutional and industry changes. The framework integrates constructs from past research in economic geography, international business, and R&D internationalization. The Indian case illustrates how host-country institutional evolution, notably regarding intellectual property rights and education, plays a significant role for international sourcing of pharmaceutical R&D.
ISSN:1468-2702
1468-2710
DOI:10.1093/jeg/lbs018