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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

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Emerging Markets from a Multidisciplinary Perspective

Part of the book series: Advances in Theory and Practice of Emerging Markets ((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.

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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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Authors and Affiliations

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

    Shashank S. Tiwari

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  1. Shashank S. Tiwari
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Correspondence to Shashank S. Tiwari .

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Editors and Affiliations

  1. EMaRC, School of Management, Swansea University, Swansea, United Kingdom

    Yogesh K. Dwivedi

  2. EMaRC, School of Management, Swansea University, Swansea, United Kingdom

    Nripendra P. Rana

  3. EMaRC, School of Management, Swansea University, Swansea, United Kingdom

    Emma L. Slade

  4. School of Business & Economics, North South University, Dhaka, Bangladesh

    Mahmud A. Shareef

  5. EMaRC, School of Management, Swansea University Bay Campus, Swansea, United Kingdom

    Marc Clement

  6. Gulf University for Science and Technology, Mubarak Al-Abdullah, Kuwait

    Antonis C. Simintiras

  7. Nottingham Trent University, Nottingham Business School, Nottingham, United Kingdom

    Banita Lal

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Tiwari, S.S. (2018). The Ethics and Governance of an Emerging Technology in an Emerging Market: The Case of Private Umbilical Cord Blood Banking in India. In: Dwivedi, Y., et al. Emerging Markets from a Multidisciplinary Perspective. Advances in Theory and Practice of Emerging Markets. Springer, Cham. https://doi.org/10.1007/978-3-319-75013-2_29

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