Faisal Mehdi Bachlani
The impact of pharmaceutical/chemical plant in a developing country
The remit of my dissertation has been to focus on the economic and social outcomes of industrialisation in the developing world. I have taken 'industrialisation' to mean those activities associated with the manufacturing of and consumption of chemicals for instance, pharmaceuticals, petrochemicals and fast moving consumer goods (FMCGs). I have started by analysing the drivers behind the introduction of these industries, either through self-development within the country itself or foreign direct investment (FDI) from already industrialised nations- namely in the form of multinationals setting up affiliates. I have included a discussion of the benefits associated with either form of development to the country in question, as well as of the hindrances or unfavourable outcomes.
With this in mind, I plan to critically analyse the "social development" statements of a number of multinationals involved in the chemicals industry and, by submission time, I hope to have produced a list of indicators by which I can then rank these companies by their performance in this arena. I am also including a section on how developing countries that are wealthy in terms of natural resources can and should benefit- but how they often do not- by taldng the example of oil.
By the time this dissertation is due, I expect to have produced the aforementioned Jist of indicators for multinationals, as well as one for the countries themselves- resulting in recommendations for how both parties should be able to enjoy a "win-win" outcome.