Countries’ Use of Life Sciences Localization Policies Continues to Metastasize

Throughout the world, countries' use of localization policies in the life sectors continues to grow, writes Stephen Ezell in Innovation Files. Such policies include: 1) local production as a condition of market participation; 2) forced intellectual property or technology transfer as a condition of market access; and 3) the use of compulsory licenses. But while such policies seem like they can pay immediate dividends for countries, when nations enact forced localization policies, they inflict significant damage on both the global innovation system and global health. It is incumbent on policymakers to aggressively push back against these types of localization policies in the life sciences sector.