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Globalization's impact on real-world competition

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How does globalization affect real-world competition in the Pharmaceutical Industry?

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Solution Summary

Globalization's impact on real-world competition is examined. How globalization affect real-world competitions in the pharmaceutical industry is determined.

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Globalization has major impact on real-world competition in any industry, including the pharmaceutical industry. There are two sides to this story: one that is good for the companies, and one that is not so good.

First look at the good side. Globalization leads to access to newer markets where these companies can sell their products. Therefore, a company like Pfizer ends up getting access to markets in Europe as ...

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