What was the purpose of developing the technology

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Reference no: EM13795828

Economic Issues & Considerations

a. Modern biotechnology has been hailed as a miracle to solve problems such as world hunger, health and environmental degradation, particularly by biotechnology companies, some scientists and governments. But, one needs to examine the socio-economic and political context in which the technology has been developed. To do this we need to ask questions such as: What was the purpose of developing the technology? Who controls the technology? How much does it cost? What is the trend of GMOs being developed and for whose benefit?

I.Production, Consumption, Costs and Variables

II.Business Environment

III.Economic Trends

Benefits of GMO

a.With an ever increasing global population, massive 3rd world hunger, and with an estimation that a child dies for every two seconds worldwide from starvation; this does not even take into account the number of people who are mal and undernourished, there is a great promise in the use of this technology to benefit not only the farmers, but also societies worldwide.

I.Acceptance of GMO

II.Attitude toward Change

III.Human Mind Impacts

Reference no: EM13795828

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