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The Ethics and Governance of an Emerging Technology in an Emerging Market: The Case of Private Umbilical Cord Blood Banking in India

  • Shashank S. Tiwari
Chapter
Part of the Advances in Theory and Practice of Emerging Markets book series (ATPEM)

Abstract

This chapter discusses the proliferation of private cord blood banking in India. It explores (a) the pattern of commercialisation, (b) the hope rhetoric, (c) the ethical and social issues raised and (d) the governance of cord blood banking and the problems facing the existing system of oversight. The study shows that hope and hype associated with an emerging technology in an emerging market such as India raise significant social, ethical and governance issues and concerns. Finally, the chapter argued that “hype bubbles” can damage both the market and the technological innovation in the absence of effective regulations.

Keywords

Emerging market Emerging technology Private cord blood banking India 

Notes

Acknowledgements

The chapter is the part of a Wellcome Trust Studentship (grant number: WT087867MA) awarded to Shashank Tiwari at the Institute for Science and Society, School of Sociology and Social Policy, University of Nottingham, Nottingham (UK). The Trust is not responsible for views expressed in this letter. The author is grateful to Paul Martin, Sujatha Raman and Pranav Desai for support and guidance.

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Copyright information

© Springer International Publishing AG, part of Springer Nature 2018

Authors and Affiliations

  1. 1.Institute for Science and Society (ISS), School of Sociology and Social Policy, University of NottinghamNottinghamUK

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