The Economic Consequences Brought By The Banning Of Gmos

The economic consequences brought by the banning of GMOs in the EU Biotechnology, according to the biotechnology industry organization, is a way that â€Å"harnesses cellular and biomolecular processes to develop technologies and products.† The most common and well-known type of biotechnology in the food system is genetic engineering, which refers to the manipulation of an organism’s genome. Some of the food we consume today are genetically modified. The most well-known genetically modified organisms (GMOs) are corn and soybeans. Monsanto, being a leading producer of genetically engineering seed founded in America, contributed to a large amount of genetically modified crops produced in the United States as well as in other countries which supported biotechnology. Meanwhile, on the other parts of the world, the European Union (EU) expressed strong disapproval of GMOs. In fact, this paper is going to investigate into the economic consequences brought by the banning of GMOs in the EU in various ways. In order to examine the consequences of banning GMOs, it is essential to examine the reasons why the EU has made the decision to ban GMOs. Based on the precautionary principle of GMOs embodied in the EU legislation, â€Å"the EU and its Members are required to take measures to prevent adverse effects on human health and the environment that may occur owing to the intentional release of GMOs into the environment or the marketing of and import into the EU of GMOs or products made from GMOs.†Show MoreRelatedLas 432 Research Paper: Gmos20901 Words   |  84 Pageswith scientists in a controlled scientific environment. This innovative technology is not without its legal, political and social issues, all of which will be discussed in depth. Among other things, this report also addresses the environmental, economic and psychological impact that Genetically Modified Organisms and the science of them have on the world. Media influences and the cultural perspective is also addresses within this report. The topics of ethics and morality are often included in topicsRead More50 Harmful Effects of Genetically Modified (Gm) Foods14312 Words   |  58 Pages50 HARMFUL EFFECTS OF GENETICALLY MODIFIED (GM) FOODS In a sentence This article outlines the many harmful effects of GM or genetically-modified foods (known also as genetically-engineered foods) and representng lab-created GMOs or genetically-modified organisms. By Nathan Batalion, ND We are confronted with what is undoubtedly the single most potent technology the world has ever known - more powerful even than atomic energy. Yet it is being released throughout our environment andRead MoreUAE Consumer Lifestyle Analysis42818 Words   |  172 Pagesin fertility rates. As the country experienced an economic boom and attracted a large number of expatriates, the government found that it had to offer Emiratis incentives to marry other Emiratis in order to maintain growth rates within the local population. Now, as a disincentive, according to UAE law if an Emirati woman marries someone who is not Emirati, she loses her right to UAE citizenship, making her children non-Emirati. As an economic incentive, the government also often funds mass weddings