This paper shows that the current generation of transgenic crop varieties has significant potential to improve economic welfare in low-income countries. These varieties might increase crop yields in low-income countries in cases when pesticides have not been used. They will reduce negative health effects of chemicals when they replace them. With low transaction costs, appropriate infrastructure, and access to intellectual property, multiple varieties of transgenics will be introduced.
Genetically engineered (GE) foods apply new molecular technologies to Widely adopted in the United States, Brazil, and Argentina for the p corn, soybeans, and cotton, they are practically banned in Europe and tigh throughout the world. We have found that GE foods have significantly incr of corn, soybean, and cotton, and lowered their prices, thus improving food foods have already contributed to a reduction in the use of pesticides and
Agricultural biotechnology and, specifically, the development of genetically modified (GM) crops have been controversial for several reasons, including concerns that the technology poses potential negative environmental or health effects, that the technology would lead to the (further) corporatization of agriculture, and that it is simply unethical to manipulate life in the laboratory. GM crops have been part of the agricultural landscape for more than 15 years and have now been adopted on more than 170 million hectares (ha) in both developed countries (48%) and developing countries (52%).