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  • Essay / Bangladesh Biotechnology Case Study - 1116

    Knowledge is an essential element that leads to innovation in science and technology. As noted earlier, the knowledge gained through the efficient absorption method has been made complex by the TRIPS agreement. One possible solution, consistent in the articles by Reid, Ramani and Mallick, was for India to build a network comprised of academic institutions, governments and private technology companies. Mallick states that “a network, as a locus of innovation, provides rapid access to knowledge and resources that would otherwise be unavailable and complements existing internal expertise and learning capabilities” (Mallick ). It is implied that India should collaborate with other countries with strong knowledge in biotechnology for the purpose of sharing information. One of the liberal economic concepts that encompasses the use of a network for economic growth is called catch-up theory. A product of this theory is the National Innovation System (NSI), a practical framework that developing countries can implement in their government policy regarding emerging areas such as biotechnology. The INS is relatively new since there is a need for more empirical data to assess its effectiveness in knowledge production. Reid's article also suggests that knowledge that can help a developing country, like India, grow economically must be freely available. A few