2. From brewer to bio-tech entrepreneur Kiran Mazumdar-Shaw trained as a master brewer and then used her

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2. From brewer to bio-tech entrepreneur Kiran Mazumdar-Shaw trained as a master brewer and then used her skills to create a pharmaceuticals business. She employed uneducated workers and paid good wages. When the trade unions revolted, Kiran fired the workers, mechanized, and hired only highly skilled workers. She became a billionaire and opened a cancer treatment center to help thousands of poor patients.

Source: The New Yorker, January 2, 2012

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Essential Foundations Of Economics

ISBN: 9780520219465

7th Global Edition

Authors: Bade, Robin;Parkin, Michael

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