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Betting on BiotechInnovation and the Limits of Asia's Developmental State$
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Joseph Wong

Print publication date: 2011

Print ISBN-13: 9780801450327

Published to Cornell Scholarship Online: August 2016

DOI: 10.7591/cornell/9780801450327.001.0001

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Manufacturing “Progress”

Manufacturing “Progress”

(p.113) Chapter 4 Manufacturing “Progress”
Betting on Biotech

Joseph Wong

Cornell University Press

This chapter examines the challenges of temporal uncertainty and how the state and bio-industry stakeholders have been forced to assume a new kind of political economic leadership role to stem people's growing impatience regarding the slow pace and unpredictability of commercial biotech development. It shows that biotech stakeholders in Korea, Taiwan, and Singapore have had to shift expectations about progress in the biotech industry away from “short-termism” to a more realistic “long-termism.” Due to the challenges of managing commercial biotech's temporal uncertainty, commercial biotech stakeholders in Korea, Taiwan, and Singapore have attempted to manufacture progress in the near term in order to sustain an appetite for biotech over the long term.

Keywords:   temporal uncertainty, bio-industry, stakeholders, biotech development, Korea, Taiwan, Singapore, biotech industry, short-termism, long-termism

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