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    Between State and Market – What Role for Strategic Chinese Financing Vehicles in Developing New Antimicrobials?

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    CHNUK_EvidenceBrief_GGF_2.0.pdf (165.3Kb)
    Date
    2022-06
    Author
    Husain, Lewis
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    Abstract
    COVID-19 has refocused global attention on infectious diseases, and the role of the state in research and development (R&D) to solve societal problems – such as the under-supply of new antimicrobials. These have characteristics of a ‘public good’ that is socially important but insufficiently supplied by the market. Antimicrobial resistance (AMR) requires global R&D responses. China is an increasingly important science power with a history of strategic industrial and innovation policy. ‘Government guidance funds’ (GGFs) – strategic industry financing mechanisms – have invested around US$0.88 trillion over the last decade, including in pharma and biotech. Our research examines GGFs’ support to developing antimicrobials. It finds that GGFs are responsive to policy changes but have a weak social mandate and limited ability to support ‘public goods’-type investments, such as antimicrobials. However, they are likely to be an important future R&D funding source, and a possible space for engagement by international organisations.
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    https://opendocs.ids.ac.uk/opendocs/handle/20.500.12413/17591
    Citation
    Husain, L. (2022) Between State and Market – What Role for Strategic Chinese Financing Vehicles in Developing New Antimicrobials?
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    Institute of Development Studies
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    https://www.ids.ac.uk/wp-content/uploads/2021/05/Latest_IDSOpenDocsStandardTermsOfUse_CC_BY.pdf
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    • IDS Research [1594]

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