Why the poor countries will probably never catch up with the rich
Emerging Countries (EM) my country included don't produce anything that can be sold by the millions at a unit price of USD 94,500 ! All the good things that are going to be inverted, Cure for Cancer, a storage device for electricity (This will change the world) etc.... all of this is going to be invented in countries that spend millions & millions in R&D and those countries are not EM, Turkey, China, etc... The poor will remain poor by the simple reason they produce very cheap things.
From Bloomberg
Pharma Execs Don't Know Why Anyone Is Upset by a $94,500 Miracle Cure
The company selling a costly breakthrough to millions of hepatitis C sufferers thinks price is the wrong thing to talk about
Over the past 18 months, the emergence of Harvoni and its predecessor, Sovaldi, has given tens of millions of hepatitis C patients around the world hope that they can be permanently rid of a debilitating illness. Not since the introduction of HIV/AIDS drug cocktails almost two decades ago has the appearance of a therapy spurred such demand. Unlike drugs for HIV, which control infection and must be taken for the rest of a patient’s life, Harvoni and Sovaldi typically eliminate the virus they target and do so quickly. (Sovaldi is taken with interferon or a third drug; Harvoni combines Sovaldi with another Gilead compound into one pill and eliminates the need for interferon.)
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