publication . Article . Other literature type . 2009

The Economics of Genetically Modified Crops

Matin Qaim;
Open Access
  • Published: 10 Oct 2009
Abstract
Genetically modified (GM) crops have been used commercially for more than 10 years. Available impact studies of insect-resistant and herbicide-tolerant crops show that these technologies are beneficial to farmers and consumers, producing large aggregate welfare gains as well as positive effects for the environment and human health. The advantages of future applications could even be much bigger. Given a conducive institutional framework, GM crops can contribute significantly to global food security and poverty reduction. Nonetheless, widespread public reservations have led to a complex system of regulations. Overregulation has become a real threat for the furthe...
Subjects
free text keywords: agricultural biotechnology, consumer acceptance, impacts, regulation, technology adoption, jel:O13, jel:Q16, jel:Q18, Economics and Econometrics, Agricultural economics, Developing country, Natural resource economics, Impact studies, Agriculture, business.industry, business, Agricultural biotechnology, Economics, Welfare, media_common.quotation_subject, media_common, Food security, Genetically modified organism, Genetically modified crops, Environmental resource management
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