NDLI: Formal and informal pharmaceutical economies in Third World countries: Synergetic, symbiotic or parasitical?

Content Provider	Springer Nature Link
Author	Walle, Gudrun Ponsaers, Paul
Copyright Year	2006
Abstract	Informal economy functions without any formal social control for lack of a supervisory authority. Within a regulated locality the same activities would have an illegal character, but in that deviating situation those informal activities can thrive because the authorities do not intervene. Globalization of our western mixed market economy implies that also the aspect of government control takes on a global character. The fact that formal economies settle in places where an informal market is the rule leads to a combined action which, eventually, creates new market relations. In the present contribution we study the effects of a meeting between a formal and an informal market on the basis of a concrete case. An analysis of the market of medical products in Third World countries gives an idea of the new relations that arise when an informal market of natural medicines is confronted with a formal market of western medicines. We study both the situation in which there are no regulations and the situation in which the formal market is supported by economic regulations. This text illustrates how those situations can give rise to new opportunities for one group and to exploitation for another.
Starting Page	361
Ending Page	372
Page Count	12
File Format	PDF
ISSN	09254994
Journal	Crime, Law and Social Change
Volume Number	45
Issue Number	4-5
e-ISSN	15730751
Language	English
Publisher	Kluwer Academic Publishers
Publisher Date	2006-11-10
Publisher Place	Dordrecht
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Social Sciences Political Science Criminal Law Criminology & Criminal Justice
Content Type	Text
Resource Type	Article
Subject	Law Pathology and Forensic Medicine

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