
By Jo Best
Published: Wednesday 03 March 2004
Email story to a Friend | Report Abuse
Name
Craig Menefee
Location
California, USA
Occupation
writer
Comment
Interesting - the article acknowledges the role of international price differences as a driver for this phenomenon. From one point of view, that makes it a form of black market, or unregulated trade as a byproduct of laws that make it artificially profitable in the countries where it occurs. From another view, these traders are simply engaging in a form of arbitrage. It wouldn't be profitable if national governments established a universal, reasonable cost for prescription medicines. Good luck getting that by the U.S. drug industry, of course. In any case, I'm surprised to see the U.N. get into the victimless crime prosecution business. Differing trade laws create these markets, and harsher prohibition will only create more prisons and larger enforcement bureacracies. In this case the noted problems seem more a medical than a legitimate criminal matter. Fix the trade laws and the arbitrage will disappear.
The last sentence in this piece says that Google p...
Daniel Brandt
Interesting - the article acknowledges the role of...
Craig Menefee
I agree that there are probably alot of overseas R...
Anonymous
Agenda Setters 2009
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.
Copyright © 2008 CBS Interactive Limited. All rights reserved. Top of page
The Round-Up The Weekly Round-Up: 03.12.09 'Ere guv, you'll never guess who I had in the back of my cab the other day…'
Stuart Roberts Shared services - how to get it right in your business Recession boosts uptake