Research paper on outsourcing in the united states
essay on Research Paper on Outsourcing in the United States ..
The global market for Contract Research Outsourcing is forecast to reach US$71.2 billion by 2022, driven by the growing efforts of pharmaceutical and biopharmaceutical companies to enhance productivity, optimize R&D costs and reduce time to market of new drugs. The changing structure of clinical research from a vertical and fixed model to a matrix model is a fundamental factor encouraging volume growth of research work moving to Contract Research Organizations (CROs). With clinical studies getting larger, the increased workload and tighter timelines are spurring interest in outsourcing strategies. Adoption of ICH GCP guidelines the world over and standardization of international quality standards are also helping increase the number of CRO collaborations. The United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 11.8% over the analysis period led by factors such as rapidly expanding domestic pharmaceutical industry; favorable foreign direct investment (FDI) policies in the pharmaceutical sector; low cost of clinical trials by over 20% to 30%; growing volumes of clinical trials conducted in developing Asian countries due to the availability of willing cohort of participants; and rise of emerging markets as preferred locations for conducting non-traditional research due to less strict legislations and research protocols.
This Research Paper Outsourcing in America and ..
As China’s economic power has increased, so has criticism of its market-distorting economic practices. The U.S. government has brought international trade complaints against China and used unilateral actions and threats, but U.S. businesses are unsatisfied with the results. In a new paper, Cato scholars Simon Lester and Huan Zhu argue that an overly aggressive approach runs the risk of a serious U.S.-China trade war, and instead, the United States should initiate formal negotiations on a trade agreement with China.