This article presents lessons from the rich adoption literature for the nascent research on adaptation. Individuals' adoption choices are affected by profit and risk considerations and by credit and biophysical constraints. New technologies spread gradually, reflecting heterogeneity among potential adopters, processes of learning and technological improvement, and policies and institutions. Adaptation is the response of economic agents and societies to major shocks. We distinguish between reactive and proactive adaptation.

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