This article demonstrates that radical regulatory changes can be tantamount to technological revolutions by studying Indian pharmaceutical firms. It shows that radical regulatory changes such as the Indian Patent Act of 1970, the New Industrial Policy of 1991 and the signing of TRIPS (Trade...

Since the 1990s, agri-biotech multinationals have introduced a radical innovation in the form of seeds derived from genetically modified plant varieties or GMVs. However, on the basis of the ‘precautionary principle' that advocates ensuring a higher environmental protection through...

Regulatory oversight of emerging technologies in the case of developing countries has historically been a touché topic. Primarily because regulation per se is seen as unfriendly to business ventures entering as yet uncharted areas of technological evolution that holds a promise of positive...