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Multi-Factor Competitiveness Analysis of the Chemical and Pharmaceutical Industry in Eueu Member States

Author

Listed:
  • Orynbet Perizat Zhangirqyzy

    (University of International Business, Abay Avenue, 8а, Almaty, 050010, Kazakhstan)

Abstract

This paper aims to assess the degree of influence of various factors on the competitiveness of the chemical and pharmaceutical industry in EAEU member states. The analysis results made it possible to determine the level of competitiveness in pharmaceutical markets in individual EAEU member states, and to assess how much their competitiveness is impacted by such factors as the ratio between pharmaceutical imports and exports in the external market; prices offered by pharmaceutical manufacturers and output of pharmaceutical products. Upon completion of the research, the authors defined main development trends for the unified pharmaceutical market in EAEU member states, including how to harmonize laws, elaborate measures of price regulation and introduce new pricing approaches towards pharmaceutical products. Moreover, to improve competitiveness and strengthen the export potential of the EAEU pharmaceutical industry it is necessary to tighten regulatory requirements for the production of safe and high-quality pharmaceuticals in accordance with the unified EAEU GMP standards.

Suggested Citation

  • Orynbet Perizat Zhangirqyzy, 2018. "Multi-Factor Competitiveness Analysis of the Chemical and Pharmaceutical Industry in Eueu Member States," The Journal of Social Sciences Research, Academic Research Publishing Group, pages 405-413:3.
    • Handle: RePEc:arp:tjssrr:2018:p:405-413
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    References listed on IDEAS

    as
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    3. Pelin Demirel & Mariana Mazzucato, 2012. "Innovation and Firm Growth: Is R&D Worth It?," Industry and Innovation, Taylor & Francis Journals, vol. 19(1), pages 45-62, January.
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