Case Study: The Rise of India’s Drug Industry (reference article online for further detail on case story)

1. How might US pharmaceutical companies and US consumers benefit from the rise of the Indian pharmaceutical industry?
2. Who might have lost out as a result of the recent rise of the Indian pharmaceutical industry?
3. Do the benefits from trade with the Indian pharmaceutical sector outweigh the losses?
4. What international trade theory (or theories) best explain the rise of the India as a major exporter of pharmaceuticals?