| Summary: | Non-academic treatise, essentially based on information in commercial sources. Knowledge industries need ample financing to prosper but ignorance of the ways money is raised and used leads to excessive waste. Macroeconomic factors structure the locational preferences but are unreliable for ranking regions worldwide and even continentally. The underlying data may be unavailable, inaccurate, or culturally biased. Intellectual property rights are a core location factor but governments get interested only when their own industries enter the global marketplace. The multisectoral and many-layered factors become tangible in the competition of American and European pharmaceutical industries.
|
|---|
