Methodology
2.1 Method of Analysis
The paper is written on the Revealed comparative advantage: A study on the Pharmaceutical Industry of India. The paper attempts on showing the strength of the export of Indian pharmaceutical sector. This is made by showing that, India has a relative advantage when compared with one of the major trading bloc of South Asia. The relative advantage is shown by the revealed comparative advantage.
The idea of revealed comparative advantage is based on the Ricardian comparative advantage concept. It is an index, which is commonly used, in the “international economics” for calculating the relative advantage or disadvantage that a county acquires in a particular class of commodities or services, which is observed during a trade flow. In this an index is formed which is referred as ‘Balassa Index’, which was given, by “Bele Balassa” and “Mark Noland” in 1965.
The index is given as;
RCAij = xij/Xi Xaj/Xa
Where xij; exports of product j from country “I”
Xi total export of from country “I”
Xaj total export of j from reference country
Xa total export from the reference area
Indian
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The Indian pharmaceuticals market stands third in terms of volume and 14th largest in terms of value. In the Global Pharmaceutical Industry the total production of the sector is 20% in terms of vol. and 1.4% in terms of value.
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5. Trade barriers and unfavorable political conditions can also affect the export
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PHCY 4170 Career Planning Elective Reflective Writing Please reflect carefully on the following two questions and respond to each question individually. The total word-count for the following questions should be a minimum of 500 words, with a maximum of 2,000 words. 1) After completing the Career Pathways assignment and participating in the class discussion, what do you think of your career match results?
Topic: Need and importance of clinical pharmacists in healthcare system Clinical pharmacy is a health science discipline in which pharmacists provide patient care that optimizes medication therapy and promotes health, and disease prevention, according to American College of Clinical Pharmacy (ACCP). Patient-oriented care requires specialized knowledge, skill and experience to improve quality of life of patient. The development of clinical pharmacy began at the University of Michigan in the early 1960s. Instead of drug-oriented pharmacy, patient-oriented concept was initiated within short period of time.
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