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Economic impact of genetic engineering Genetic engineering (GE) is a recently developed technology that allows the alteration of the genetic make
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Economic impact of genetic engineering Genetic engineering (GE) is a recently developed technology that allows the alteration of the genetic make up of living organisms. This technology allows scientists not only to exchange genes from members of the same species, which is what farmers and nature has been doing through out history, but also the exchange of genes between completely separate species. For example genetic engendering allows scientists to insert the genes from a fish into a tomato, something that can never happen in nature. Many in the biotechnology industry claim that the recent advancements in this field of research will help solve many of the problems developing countries face. These claims have led to a massive increase in commercial growing of genetically modified organisms, (GMOs) from 1.7 million hectares in 1996 to 58.1 million hectares in 2002 worldwide. 99% of this growth has only been in four countries; Argentina, Canada,...
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