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May 15, 2010


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There's something very Filipino about that somehow.

My last trip there involved a hard look at supply chains in the pharmaceutical sector. You'll be shocked, shocked to hear that this lucrative sector is a de facto oligopoly dominated by a very few actors. A while back the Philippines got criticized for not having an effective competition law. They solved that problem by passing a law and then perpetually forgetting to appropriate money to enforce it.

Doug M.

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