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Alfred P. Sloan, Jr. led the General Motors Corporation to international business success by virtue of his brilliant managerial practices and his insights into the new consumer economy he and General Motors helped to produce. Sloan's business biography, My Years With General Motors, was an instant best seller when it was first published in 1964 and is still considered indispensable reading by modern business giants.
Since their commercial introduction in 1996, genetically modified (GM) crops have been adopted by farmers around the world at impressive rates. In 2011, 180 million hectares of GM crops were cultivated by more than 15 million farmers in 29 countries. In the next decade, global adoption is expected to grow even faster as the research pipeline for new biotech traits and crops has increased almost fourfold in the last few years. The adoption of GM crops has led to increased productivity, while reducing pesticide use and the emissions of agricultural greenhouse gases, leading to broadly distributed economic benefits across the global food supply chain. Despite the rapid uptake of GM crops, the various social and economic benefits as well as the expanding rate innovation, the use of GM crops remains controversial in parts of the world. Despite the emergence of coexistence between GM, organic and conventional crops as a key policy and practical issue of global scale, there is no coherent literature that addresses it directly. Governments and market stakeholders in many countries are grappling with policy alternatives that settle conflicting property rights, minimize negative market externalities and associated liabilities, maximize the economic benefits of innovation and allow producer and consumer choice. This book intends to fill these needs with contributions from the top theoreticians, legal and economic analysts, policy makers and industry practitioners in the field. As the economics and policy of coexistence start to emerge as an separate subfield in agricultural, environmental and natural resource economics with an increasing number of scholars working on the topic, the book will also provide a comprehensive base in the literature for those entering the area, making it of interest to students, scholars and policy-makers alike.
This book showcases the most recent advancements in genomics and biotechnology and the ongoing challenges and prospects in creating genetically modified organisms (GMOs). Readers will be acquainted with cutting-edge progress and patterns in gene and genome editing technologies and their diverse applications in medicine, biotechnology, and industry across various organisms. Furthermore, the text delves into the safety considerations and potential uses of GMOs and the regulatory frameworks in different countries. It also presents case studies illustrating how GMOs have catalyzed advancements in medicine, agriculture, and industry. This book consolidates recent discoveries and addresses the informational needs of students and researchers in the field.
This volume brings together fresh insights from top agricultural economists in the areas of consumer attitudes, environmental impacts, policy and regulation, trade, investment, food security, and development, in an attempt to provide a new perspective on the most pressing policy questions facing GM technology.
Part 1: Analytical Studies: 1.Biotechnology risks and project interdependence, Odin K. Knudsen and Pasquale L. Scandizzo. 2. Restricted monopoly R & D pricing: uncertainty, irreversibility and non-market effect, Robert D. Weaver and Justus Wesseler. 3. Biotechnology and the emergence of club behavior in agricultural trade, Monika Tothova and James F. Oehmke. 4. The labelling of genetically modified products in a global trading environment, Stefania Scandizzo. Part 2: Empirical trade studies: 5. Tree biotechnology: regulation and international trade, Roger A. Sedjo. 6. Commercialized products of biotechnology and trade pattern effects, Stuart Smyth, William A. Kerr and Kelley A. Davey. Part 3: Spillover dimensions: 7. The coexistence of GM and non-GM arable crops in the EU: economic and market considerations, Graham Brookes. 8. Research spillovers in biotech industry: The case of canola, Richard S. Gray, Stavroula Malla and Kien Tran. 9. Mergers, acquisitions and flows of agbiotech intellectual property, David Schimmelpfennig and John King. 10. The Impact of regulation on the development of new products in the food industry, Klaus Menrad and Knut Blind. Part 4: Intellectual property rights. 11. Patents versus plant varietal protection, Derek Eaton and Frank van Tongerun. 12. Governing innovative science: challenges facing the commercialization of plant-made pharmaceuticals, Stuart Smyth, George Khachatourians and Peter W.B. Phillips. 13. Are GURTs needed to remedy intellectual property failures and environmental Problems with GM Crops?, Geoff Budd. Part 5: Applied general equilibrium trade models 14. Economic effects of producing or banning G.M. crops, Janine Flatau and P. Michael Schmitz. 15. Opposition to genetically modified wheat and global food security, Faycal Haggui, Peter W.B. Phillips and Richard S. Gray. 16. International impacts of Bt cotton adoption, George B. Frisvold, Russell Trosvold, Russell Tronstad and Jeanne M. Reeves.
Food products with genetically modified (GM) ingredients are common, yet many consumers are unaware of this. When polled, consumers say that they want to know whether their food contains GM ingredients, just as many want to know whether their food is natural or organic. Informing consumers is a major motivation for labeling. But labeling need not be mandatory. Consumers who want GM-free products will pay a premium to support voluntary labeling. Why do consumers want to know about GM ingredients? GM foods are tested to ensure safety and have been on the market for more than a decade. Still, many consumers, including some with food allergies, want to be cautious. Also, GM crops may affect neighboring plants through pollen drift. Despite tests for environmental impact, some consumers may worry that GM crops will adversely effect the environment. The study of risk and its management raises questions not settled by the life sciences alone. This book surveys various labeling policies and the cases for them. It is the first comprehensive, interdisciplinary treatment of the debate about labeling genetically modified food. The contributors include philosophers, bioethicists, food and agricultural scientists, attorneys/legal scholars, and economists.
The investment climate for firms producing genetically modified (GM) agricultural products has recently experienced considerable change, with the occurrence of remarkably high rate of farmer acceptance, but considerable consumer resistance. The present system that involves firms developing biotech products, farmers producing the products, food and related agribusiness industrial firms, and consumers of food, is very volatile. This however will soon be affected by changes in reulatory, trade and food safety regimes.This book addresses these key issues and is based on papers presented at the fourth meeting of The International Consortium on Agricultural Biotechnology Research (ICABR), on Economics of Agricultural Biotechnology, held at Ravello, Italy, in August 2000. Organized in four parts, this volume focuses on:Consumer reactions to GM food informationRegulatory issuesFarmer acceptance of biotech productsChanges in industrial organization in life science and food sectors
The regulation of genetically modified organisms (GMOs) continues to generate controversy. On the one hand, they are actively promoted by the biotechnology industry as vital to ensuring food security. Yet, on the other hand, consumer resistance persists, not least in the European Union, and such lack of confidence extends not just to GM food itself but also to the regulatory regime, where legal issues are inextricably linked with economics and politics. This edited collection provides a novel contribution to the ongoing debate, recognizing that the legislative environment is complicated by forces as varied as national public opinion and world trade commitments. The book is divided into four parts. The first of these addresses the influence in this context of both civil society and economic imperatives. The second part is directed more specifically to the measures that have been implemented in the European Union, considering multi-level governance, wider aspects of food law, co-existence with conventional and organic crops, and environmental liability. The third part is comparative in focus, with chapters covering the diverse regimes implemented in Africa, Australia, North America and South America. The book concludes with chapters on world trade and international considerations, including analysis of the Biotech case.
Meeting future food needs without compromising environmental integrity is a central challenge for agriculture globally but especially for the Asia Pacific region – where 60% of the global population, including some of the world’s poorest, live on only 30% of the land mass. To guarantee the food security of this and other regions, growers worldwide are rapidly adopting genetically modified (GM) crops as the forerunner to protect against many biotic and abiotic stresses. Asia Pacific countries play an important role in this, with India, China and Pakistan appearing in the top 10 countries with acreage of GM crops, primarily devoted to Bt cotton. Genetically Modified Crops in Asia Pacific discusses the progress of GM crop adoption across the Asia Pacific region over the past two decades, including research, development, adoption and sustainability, as well as the cultivation of insect resistant Bt brinjal, drought-tolerant sugarcane, late blight resistant potato and biotech rice more specific to this region. Regulatory efforts of the Asia Pacific member nations to ensure the safety of GM crops to both humans and the environment are also outlined to provide impetus in other countries initiating biotech crops. The authors also probe into some aspects of gene editing and nanobiotechnology to expand the scope into next generation GM crops, including the potential to grow crops in acidic soil, reduce methane production, remove poisonous elements from plants and improve overall nutritional quality. Genetically Modified Crops in Asia Pacific provides a comprehensive reference not only for academics, researchers and private sectors in crop systems but also policy makers in the Asia Pacific region. Beyond this region, readers will benefit from understanding how GM crops have been integrated into many different countries and, in particular, the effects of the take-up of GM cropping systems by farmers with different socioeconomic backgrounds.