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A comparative study on the influence of the cost of capital on the development of national biotechnology industries within developing countries

机译:资本成本对发展中国家国内生物技术产业发展影响的比较研究

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摘要

For a number of reasons, developing countries lag significantly behind OECD nations in their ability to benefit from the recent advances in biotechnology. One of the reasons for this difference is the virtual absence and hence high cost of loan or equity capital. In this paper, the extent to which the 'cost of capital' presents an impediment to the commercialisation of biotechnology innovation within emerging economies is quantified A number of recommendations for both senior policy makers within government, and emerging companies within developing countries are made in order to inform a revised strategy for overcoming this hurdle.
机译:由于多种原因,发展中国家在从生物技术的最新进展中受益的能力方面大大落后于经合组织国家。造成这种差异的原因之一是实际上缺席,因此贷款或权益资本成本很高。在本文中,量化了“资本成本”对新兴经济体内生物技术创新商业化的阻碍程度。针对政府内部的高级决策者和发展中国家的新兴公司,提出了一些建议告知克服这一障碍的修订策略。

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