Biotechnology

Paper Summary:

The paper defines biotechnology as the application of technology, especially genetics, to industrial or manufacturing aspects of life sciences. The paper describes the history of this industry and its global successes. The paper discusses how biotechnology promises to feed the world, reduce environmental harm and expand agricultural markets and production possibilities. The paper concludes that probable judgment on the acceptability of biotech products by consumers will still have to be rendered on this vastly-untried field.

Outline:
Abstract
Introduction
History
Market Structure, Income Statement and Economic Efforts
Forecast and Conclusion

From the Paper:

"Technology is the application of a scientific method and scientific knowledge to industrial or commercial objectives (Hand 2002). Biotechnology is the application of technology, especially genetics, to industrial or manufacturing aspects of life sciences. Biotechnological applications include the production of drugs, synthetic hormones and bulk foodstuffs; the bio-conversion of organic waste; and the use of genetically altered bacteria. Because it possesses intensive investment in research and development, a crucial role for knowledge capital in creating value, and high growth opportunities, biotechnology is classified as high-technology (Hand)."

Sample of Sources Used:

• Food and Agricultural Organization. (2006). Genetically Modified Organisms, Consumers, Safety and the Environment. FAO Document Repository. http://www.fao.org/docrep/003/x9602e/x9602e08.htm#
• Hand, J.R. M. (2002). The Market Valuation of Biotechnology Firms and Biotechnology R & D. Kenan-Flaglu Business School. http://public.kenan-flaglu.unc.edu/Faculty/handj/eJH%20website/Hand%20market%20valuation%20of20biotech%20and%20biotech%20RD%2020020408%20FINAL%20VERSION%2010%20LUC%20RENNEBOOG.pdf
• Public Understanding of Biotechnology. (2006). Biotechnology Basics fact file. http://www.pub.ac.za/factfile/biotech.html
• Shoemaker, R. et al. (2003). Consumers and the Future of Biotech Foods in the United States. Amber Waves: US Department of Agriculture Service. http://ers.usda.gov/AmberWaves/November03/Features/futureofbiotech.htm
• Wikipedia. Biotechnology. Media Wiki, 2006. http://en.wikipedia.org/wiki/Biotechnology

More papers on Biotechnology:

• Research Paper # 95100 : "Food Biotechnology"
• Analytical Essay # 131119 : "Biotechnology and Nutrition"
• Essay # 137987 : "Biotechnology and Life"
• Essay # 74394 : "Biotechnology and Society"

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