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Sustainability 2018, 10(2), 399; https://doi.org/10.3390/su10020399

The Research on International Development Path of China’s Marine Biopharmaceutical Industry

1
College of Economics, Ocean University of China, Qingdao 266100, China
2
Key Laboratory of Marine Drugs, The Ministry of Education of China, School of Medicine and Pharmacy, Ocean University of China, Qingdao 266003, China
3
Laboratory for Marine Drugs and Bioproducts, Qingdao National Laboratory for Marine Science and Technology, Qingdao 266237, China
*
Author to whom correspondence should be addressed.
Received: 11 December 2017 / Revised: 25 January 2018 / Accepted: 26 January 2018 / Published: 4 February 2018
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Abstract

Under the backdrop of the Maritime Silk Road Initiative, the study on the international development of China’s marine biopharmaceutical industry based on factor allocation is of great practical significance for industrial sustainability and building the industry into a leading international player in the global market. In this paper, we first identify the leading factors that influence the development of the marine biopharmaceutical industry, namely, resources, technologies, talents, investments and policies. Furthermore, the hierarchical structure model of these factors was established and analyzed using the analytic hierarchy process (AHP). The importance ranking of these constraints was identified, as follows: technologies > talents > resources > policies > investments. Then, based on the theory of comparative advantage and game theory, we analyzed the necessity of China’s marine biopharmaceutical industry going global, that is, international cooperation may lay a solid foundation for the win-win outcome of this industry in countries along the Maritime Silk Road. According to the status quo of China’s marine biopharmaceutical industry, based on these findings, an international factor–allocation cooperation path was designed, and the path chart of the international development of the marine biopharmaceutical industry was drawn. Finally, methods for the development of China’s marine biopharmaceutical industry were proposed, which covers efforts to protect marine resources, promote R&D for core technologies, establish a strong talent pool, encourage more investments, provide policy support and promote worldwide cooperation. It is the first report to investigate the path of the sustainable exploitation of the marine biopharmaceutical industry from the perspective of factor allocation amidst the backdrop of the Maritime Silk Road Initiative. View Full-Text
Keywords: Maritime Silk Road Initiative; marine biopharmaceutical industry; industrial internationalization; industrial sustainability; factor allocation; AHP; theory of comparative advantage; game theory Maritime Silk Road Initiative; marine biopharmaceutical industry; industrial internationalization; industrial sustainability; factor allocation; AHP; theory of comparative advantage; game theory
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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).
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Fu, X.-M.; Jiang, S.-S.; Wang, N.; Wang, S.-Q.; Wang, C.-Y. The Research on International Development Path of China’s Marine Biopharmaceutical Industry. Sustainability 2018, 10, 399.

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