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Synopsis The physician-patient point of interaction, this book argues, has remained the most contested terrain. The central goal of innovations in biomedical has been how to grab greater amount of both current and future knowledge resources in order to control consumption of health. The regulator’s role has therefore been critical, and more importantly, the contest is global. India and China share great commonality and in order to win institutions and regulators in these two countries might follow a strategy suggested here. Offering new addition s to institutional economics this book challenges existing ideas relating to innovation, knowledge economy and national systems of innovation and also on bridging the gaps between production and consumption of health. A must read for persons interested in technological change, innovation strategy, policy studies, knowledge economy, manpower, knowledge geography, China studies, institutional economics, health economics and above all sociology and politics of technological change.