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Biotechnology as a new techno-economic paradigm that will help drive the world economy and mitigate climate change

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  • Tylecote, Andrew

Abstract

A techno-economic paradigm embraces a whole constellation of technically and economically interrelated innovations and influences most industries and an entire phase of economic development. Its full potential to drive and shape economic growth can only be realized after far-reaching reforms have been made in the “socio-institutional frameworks” of major economies and the world economy. In close association with ICT, biotechnology – or the trio of biotechnologies: red (biomedicine), green (plant breeding) and white (industrial) – is now capable of such a role, although the necessary reforms remain to be made. This paper shows how far and in what sense it has reached technological maturity, and what “mismatches” between it and the socio-institutional framework are obstructing its further development and diffusion. It argues that biotechnology (green and white) is needed to play a key role in the struggle against climate change – which in turn can be expected to draw out its potential.

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  • Tylecote, Andrew, 2019. "Biotechnology as a new techno-economic paradigm that will help drive the world economy and mitigate climate change," Research Policy, Elsevier, vol. 48(4), pages 858-868.
    • Handle: RePEc:eee:respol:v:48:y:2019:i:4:p:858-868
    DOI: 10.1016/j.respol.2018.10.001
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    Cited by:

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    2. Noe Aguilar Rivera, 2022. "Sustainable Biofuels. Strategy for Growth and Energy Security," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 17(3), pages 1-29, Julio - S.
    3. Figueiredo, Paulo N. & Larsen, Henrik & Hansen, Ulrich E., 2020. "The role of interactive learning in innovation capability building in multinational subsidiaries: A micro-level study of biotechnology in Brazil," Research Policy, Elsevier, vol. 49(6).
    4. Weisenfeld, Ursula & Hauerwaas, Antoniya & Elshiewy, Ossama & Halder, Pradipta & Wesseler, Justus & Cingiz, Kutay & Broer, Inge, 2023. "Beyond plastic – Consumers prefer food packaging derived from genetically modified plants," Research Policy, Elsevier, vol. 52(10).
    5. Arocena, Rodrigo & Sutz, Judith, 2021. "Universities and social innovation for global sustainable development as seen from the south," Technological Forecasting and Social Change, Elsevier, vol. 162(C).
    6. Marianna Epicoco, 2021. "Technological Revolutions and Economic Development: Endogenous and Exogenous Fluctuations," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(3), pages 1437-1461, September.
    7. Marianna Epicoco, 2021. "Technological Revolutions and Economic Development : Endogenous and Exogenous Fluctuations," Post-Print hal-03588838, HAL.
    8. Sven Wydra, 2019. "Value Chains for Industrial Biotechnology in the Bioeconomy-Innovation System Analysis," Sustainability, MDPI, vol. 11(8), pages 1-16, April.
    9. Huanyong Ji & Shuya Sheng & Jun Wan, 2024. "Corporate Social Responsibility Practices and Financial Performance of New Ventures: The Moderating Role of Government Support," Sustainability, MDPI, vol. 16(3), pages 1-19, February.

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    More about this item

    Keywords

    Techno-economic paradigm; Biotechnology; World economy; Climate change; Socio-institutional framework;
    All these keywords.

    JEL classification:

    • L65 - Industrial Organization - - Industry Studies: Manufacturing - - - Chemicals; Rubber; Drugs; Biotechnology; Plastics
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

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