The Phamaceutical Sector in Madagascar Coursework

The Phamaceutical Sector in Madagascar - Coursework ExampleThese can then be developed into drugs in the western world and marketed in ventures where a pharmaceutic alliance can make one thousand millions if not billions of dollars. To do this, they have encouraged conservation efforts of the rainforests as well as speedy cataloguing of all the different species that argon largely unknown to date. Thorough all of this, it must be taken into consideration that while Madagascar does not have the financial resources to develop the drugs themselves, these pharmaceutical companies are working in a sovereign plain where the biological flora present is, in fact, a property of that country. This must be delicately equilibrise with attaining the materials needed for research as well as keeping within the legal framework of the country. For a start, this paper leave behind first take a brief look at the country of Madagascar. It will examine some general facts, the governmental and econo mic situation in the country and the tropical rainforests. The sideline of pharmaceutical companies lies primarily in these forests and the importance of conservation of these forests will be detailed. Some examples of plants that have been successfully developed into drugs will be made mention of as well as the legal aspects of trade biodiversity such as this to other countries. In addition, the financial aspects that are considered why a pharmaceutical company will be detailed followed by a discussion of whether it is worth investing in the pharmaceutical industry of Madagascar by companies based in the western world. Madagascar is an island in the Indian Ocean that is located almost 400km away from the coast of Mozambique. It is the worlds fourth largest island. It covers an area of 587,041 sq km (226,658 sq miles) (BBC News) and has a population of 20.1 million (UN, 2010 from BBC News). The inhabitants of Madagascar, the Malagasy are descendants of the some(prenominal) Afric ans and Indonesians who moved to this island over 2000 years ago (BBC News). Madagascar used to be a french colony and only gained independence 1960 (BBC News). Due to this colonialism, Madagascar has strong ties both culturally and economically both to France and other West-African countries where French is spoken (BBC News). The two main official languages in the country are Malagasy and French though English was recently introduced as an official language too (BBC News). Due to its positioning, Madagascar is prone to existence affected severely by massive flooding and torrential rains, the latest being in 2000 and afterwards in 2004 (BBC News). Natural disasters have not been the only challenge the people of Madagascar have faced. The country has been in political turmoil for a number of years. Andry Rajoelina, along with the armys champion overthrew the president at the time Marc Ravalomanana. Rajoelina Rajoelinas government has not been recognized internationally and no agr eement has been reached with other political parties in the country. Due to this stalemate, Madagascars economy has suffered with private investment slowing down and international donors suspending support (BBC News). It has been approximated that up to 70% of people in Madagascar survive on less and a dollar a day (World Bank from BBC News) and the Gross National Income (GNI) per capita was US $420 (World Bank, 2009 from BBC News). Poverty is widespread and there has been much disceptation for agricultural land (BBC News), which is where the next aspect of this paper leads us to. The forests are home to much of the products that contrary