Economics of GM Crop Cultivation
June 3, 2011| |
Independent approval processes of GM crops occurring in different countries is a growing concern due to its possible effects on global trade. Different countries have varied regulatory processes and thus use up different length of time before a GM crop is approved. For instance, more than 40 GM crop events have been approved by 2009 in different countries but not one has been approved or submitted in the EU. EU implements zero-tolerance policy and this caused rejection of agricultural imports resulting to high economic losses affecting the world market. András Nábrádi and József Popp of University of Debrecen, Hungary, wrote a scientific paper on the economics of GM crop cultivation, and suggested solutions to this socio-economic dilemma.
Read the paper at http://ageconsearch.umn.edu/bitstream/104659/2/1_Nabradi__Apstract.pdf.
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