Determinants of International Competitiveness in the Pharmaceutical Industry

Abstract

Nowadays, the competitiveness of the pharmaceutical industry has been determined by a system or networks involving a variety of factors, therefore is essential to identify them. This study identified and analyzed the variables that impact the competitiveness of the pharmaceutical industry worldwide. We used the Model of Michael Porter for the Competitiveness operationalized with the Global Competitiveness Index of the World Economic Forum and determined which factors affect the international competitiveness in the pharmaceutical industry. Through a discriminant analysis, the study identified 32 determinants factors that affect the international competitiveness of this industry. Implications for companies, the pharmaceutical industry and for foreign direct investment policy were detailed in the study.