Top Articles - Business

Dutch Disease gets its name from an economic phenomenon seen in Holland. The discovery of natural gas reserves in Holland in the 1960s led to a sl

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

ump in other sectors like manufacturing. Dutch Disease is the recession that hits other sectors when one industry dominates, or increases its expo

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

rts.

Causes of Dutch Disease: The major cause of the Dutch Disease was the discovery of natural gas in Holland. Dutch Disease normally leads to

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

a country’s currency appreciating in value. Since the value of the currency rises, manufacturing sector no longer remains competitive, leading to

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

a slump in the manufacturing sector. This results in manufacturing jobs moving to other countries.

Results of Dutch Disease: The Dutch Disease c

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

auses a rise in imports and decrease in exports, since the high value of currency makes manufacturing and other sectors non-viable. The high cost

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

of production makes the goods less competitive from the good manufactured by other countries.

Dutch Disease: Economic Model The economic model t

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

o explain Dutch Disease was developed by W Max Corden and Peter Neary in the 1980s. According to them, the parties involved include the non-traded

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

goods sector and the traded good sector. Of the traded goods sector, one sector is a booming sector, while the other is under-performing. The boo

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

ming traded goods sector may be natural gas, while the under-performing may include manufacturing, agriculture etc.

The booming sector will attra

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

ct more labor, leaving the non-booming sector “stranded.” In case of Dutch Disease, this may not be a cause for concern, because the natural gas s

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

ector is not labor intensive, so it will not employ too much of the country’s workforce.

However, the increasing currency value means that the no

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

n-booming trade sector is no longer attractive to the workforce. Instead, people turn to the non-trade sector, like services. Through an increase

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

in the demand for non-traded goods, the price of the non-trade sector increases. This leads to a steep boost in the real exchange rate.

Dutch Dis

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

ease: Examples from History Before Holland in the 1960s, the Dutch Disease had struck many economies around the world, though it was not recogniz

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

ed as such at the time. In the 16th century, the gold brought by Spanish conquistadors from South America to Spain led to the earliest known case

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

of Dutch Disease. The gold rush in Australia in the mid nineteenth century is another example of the Dutch Disease. Great Britain too caught the D

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

utch Disease in the 1970s due to the discovery of gas fields in the North Sea.

Though some critics think that the effects of Dutch Disease on the

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

economy have been exaggerated, it is still a good option to be prepared for all eventualities. This is especially so if you run a small business,

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

since your livelihood depends on the non-traded goods sector. A boom in one sector could lead to a slump in another, so it is best to be prepared

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.toparticles.org.ua/article/1720/toparticles-Dutch-Disease-How-One-Industry-Causes-National-Economic-Downturn.html">Dutch Disease: How One Industry Causes National Economic Downturn</a>

BB link (for phorums):
[url=http://www.toparticles.org.ua/article/1720/toparticles-Dutch-Disease-How-One-Industry-Causes-National-Economic-Downturn.html]Dutch Disease: How One Industry Causes National Economic Downturn[/url]

Do you want to make your next trade show experience more productive? Do you want to spend time only with vendors who have what you want and need? Inside you'll learn how to be a more effective trade show visitor and a more profitable trade show exhibitor.

If you want to make a special event in your life to be perfect, you have to make sure that every detail is well-organized and planned, one of which is the transportation. Transportation is one of the factors that you have to consider.

With new kinds of technologies flooding the markets every day, the concept of modular homes has gained a lot of popularity. Modular homes are very different from site built homes and manufactured homes. While site built homes are constructed entirely on the location where the house is to be located according to the building guidelines of that particular region, manufactured homes are a more stylish version of what are known as mobile homes or trailers. On the other hand, modular homes are manufactured at factories in parts and then assembled by workers on the site.

Tags

Links

Top Articles - Dutch Disease: How One Industry Causes National Economic Downturn

Related Articles: