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Managing Liabilities Arising from Agricultural Biotechnology

In: Regulating Agricultural Biotechnology: Economics and Policy

Author

Listed:
  • Stuart Smyth

    (University of Saskatchewan)

  • Peter W. B. Phillips

    (University of Saskatchewan)

  • W. A. Kerr

    (University of Saskatchewan)

Abstract

While most innovations commonly enter the marketplace with little notice or fanfare, this cannot be said for products of agricultural biotechnology. The commercialization of innovative new transgenic crops and the resulting food products have resulted in some products entering the market that are not desired by some consumers. It is argued that these new products are creating a new class of socioeconomic liabilities in the marketplace. We examine three strategies for managing these liabilities: scientific, regulatory, and market strategies.

Suggested Citation

  • Stuart Smyth & Peter W. B. Phillips & W. A. Kerr, 2006. "Managing Liabilities Arising from Agricultural Biotechnology," Natural Resource Management and Policy, in: Richard E. Just & Julian M. Alston & David Zilberman (ed.), Regulating Agricultural Biotechnology: Economics and Policy, chapter 0, pages 81-101, Springer.
    • Handle: RePEc:spr:nrmchp:978-0-387-36953-2_5
    DOI: 10.1007/978-0-387-36953-2_5
    as

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