Brookings Institution Report Misinterprets The Future Of Biotech

Response to the report recently released by the Brookings Institution that claims that no regions except existing leaders can succeed in developing biotechnology.

1 minute read

June 18, 2002, 7:00 AM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

The Brookings Institution report claiming that biotechnology does not present a viable avenue for economic development misses the mark on several points. First, the definition used is far too narrow - essentially ignoring the bulk of a $560 billion industry employing 6 million Americans. Second, the report analyzes the industry as if it were static, citing measures of current success rather than potential to emerge in new areas or niches. What Arizonans should take from the report is not "don't even try" but rather "don't settle for what everyone else is doing" to develop biotech. Editor's note (thanks to Daniel Serda): The original report is: "Signs of Life: The Growth of Biotechnology Centers in the U.S.", by JosephCortright and Heike Mayer. The report is available online athttp://www.brookings.edu/dybdocroot/es/urban/publications/biotech.htm

Thanks to Joshua Drucker

FULL STORY: Report Misinterprets Biotech Future

Monday, June 17, 2002 in The Arizona Republic

Community / Economic Development United States

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