One interesting thing I learned today during the L&T visit was the lack of regulatory oversight in the medical device industry here in India. However, this will soon be changing. The planning portion for creating an oversight board is complete, and is moving onto implementation.
I find this interesting because it seems that the globalized and flatter world that Friedman discusses includes not only the commercial realm, but also the political realm. Medical devices have been in India for a long time, and regulatory oversight has been demanded for just as long. However, it is only now that implementation is beginning. From what I understand, this is because of pressure from international entities.
Will the result of commercial globalization result in similar laws and oversight in the countries involved? I believe it will result in a convergence of laws, but even globalization cannot make flat the values, religions, and other aspects of culture, which make up the basis of most laws.
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