India, Nov. 28 -- India has long been a testing ground for Euro-American products, particularly in agriculture and medicine - and of late, finance and insurance -whose producers make the most of loose regulations and the diversity of a huge population. This cuts research costs dramatically for lucrative products to be sold in those countries, as also to promote the agenda of globalisation

The relationship is highly exploitative and many believe it represents a new form of colonialism. Development is a new and fertile ground for such experimentation upon the underprivileged. Poor societies have become guinea pigs for development scientists. The Nobel Memorial Prize in Economic Sciences, funded by the Bank of Sweden, was recently awarded f...