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Biotechnology: Can We Trade It?

Author

Listed:
  • Bredahl, Maury E.
  • Kalaitzandonakes, Nicholas G.

Abstract

The question in the title is divided into: (1) Can we trade the current generation of products from biotech or the technology itself? and (2) Can we trade the future generations of products of the technology? Controversy over the first generation of products has resulted in international trade being segmented into two markets: GMO-free and GMO. The first market is supported by voluntary labelling, making mandatory labelling largely unnecessary. While trade flows have been rearranged, markets have been little affected. We conclude that trade in the future generation will be dominated by capital and technology flows, with production for local markets dominating product trade flows.

Suggested Citation

  • Bredahl, Maury E. & Kalaitzandonakes, Nicholas G., 2001. "Biotechnology: Can We Trade It?," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 2(1).
  • Handle: RePEc:ags:ecjilt:23860
    as

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    File URL: http://purl.umn.edu/23860
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    References listed on IDEAS

    as
    1. Adelaja, Adesoji O. & Schilling, Brian J., 1999. "Nutraceuticals: Blurring the Line between Food and Drugs in the Twenty-first Century," Choices, Agricultural and Applied Economics Association, vol. 14(4).
    2. Nicholas G. Kalaitzandonakes, 2000. "Agrobiotechnology and Competitiveness," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(5), pages 1224-1233.
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