Reaping What We Sow: Emerging Issues and Policy Implications of Agricultural Biotechnology
Abstract
This essay assesses the U.S. government's role in managing rapid biotechnological change in agriculture. Many scientists hail recent agricultural biotechnology developments as steps toward solving the health, nutrition, and environmental problems that have plagued the world for decades. At the same time, some fear these biotechnological advances will leave a legacy of environmental threats, health problems, and ethical dilemmas for future generations. The impacts of these technologies on economies and the environment are unpredictable and government's role in regulating GM (genetically modified) technologies will need to be different than its functions in traditional agricultural policy. In this article, we consider current federal regulation of GM products, consumers' apprehensions about GM food, possible market failures due to agricultural biotechnology, and the policy significance of scientific uncertainty. We then suggest policy approaches that can address concerns about biotechnology and ensure that the potentially widespread public benefits from GM crop production are not ignored. Copyright 2002, Oxford University Press.Download Info
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Bibliographic Info
Article provided by Agricultural and Applied Economics Association in its journal Review of Agricultural Economics.
Volume (Year): 24 (2002)
Issue (Month): 1 ()
Pages: 3-14
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Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Gray, Emily M. & Ahmadi-Esfahani, Fredoun Z., 2008. "Uncertainty aversion in Australian regulation of agricultural gene technology," 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia 6045, Australian Agricultural and Resource Economics Society.
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