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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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Regulatory Uncertainty

Regulatory Uncertainty

(p.140) Chapter 5 Regulatory Uncertainty
Betting on Biotech

Joseph Wong

Cornell University Press

This chapter examines regulation, a very specific dimension of commercial biotech development, and the ways in which the state in Korea, Taiwan, and Singapore has both contributed to and attempted to manage regulatory uncertainty. It shows that the state in Korea, Taiwan, and Singapore has experienced both interest alignment and unalignment in the regulation of the biotechnology sector. In some areas of the regulatory process, decision makers in all three countries have been able to align various interests relatively easily, providing a fair degree of regulatory clarity and certainty. This is best exemplified in the early regulation of clinical R and D. States have also established a relatively coherent stance in bioethics regulation, but have largely failed to resolve intrastate conflicts about the regulation of health technology markets.

Keywords:   regulation, biotech development, Korea, Taiwan, Singapore, regulatory uncertainty, biotechnology, R and D, bioethics, health technology markets

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