Agricultural (or "green") biotechnology is a source of growing
tensions in the global trading system, particularly between the
United States and the European Union. Genetically modified food
faces an uncertain future. The technology behind it might
revolutionize food production around the world. Or it might follow
the example of nuclear energy, which declined from a symbol of
socioeconomic progress to become one of the most unpopular and
uneconomical innovations in history.
This book provides novel and thought-provoking insights into the
fundamental policy issues involved in agricultural biotechnology.
Thomas Bernauer explains global regulatory polarization and trade
conflict in this area. He then evaluates cooperative and unilateral
policy tools for coping with trade tensions. Arguing that the tools
used thus far have been and will continue to be ineffective, he
concludes that the risk of a full-blown trade conflict is high and
may lead to reduced investment and the decline of the technology.
Bernauer concludes with suggestions for policy reforms to halt this
trajectory--recommendations that strike a sensible balance between
public-safety concerns and private economic freedom--so that food
biotechnology is given a fair chance to prove its environmental,
health, humanitarian, and economic benefits.
This book will equip companies, farmers, regulators, NGOs,
academics, students, and the interested public--including both
advocates and critics of green biotechnology--with a deeper
understanding of the political, economic, and societal factors
shaping the future of one of the most revolutionary technologies of
our times.
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