The Economic Dynamics of Modern Biotechnology

The Economic Dynamics of Modern Biotechnology

Edited by Maureen McKelvey, Annika Rickne and Jens Laage-Hellman

This book offers a novel insight into the economic dynamics of modern biotechnology, using examples from Europe to reflect global trends. The authors apply theoretical insight to a fundamental enigma of the modern learning society, namely, how and why the development of knowledge and ideas interact with market processes and the formation of industries and firms.

Chapter 14: Reflections and Ways Forward

Hannah Kettler, Maureen McKelvey and Luigi Orsenigo

Subjects: economics and finance, economics of innovation, environment, biotechnology, innovation and technology, biotechnology, economics of innovation


14. Reflections and ways forward Hannah Kettler, Maureen McKelvey and Luigi Orsenigo 1. PARADOXES AND WAYS FORWARD Having addressed many aspects of the economic dynamics of knowledge, this chapter concludes the book by offering some reflections and ways forward. The current section returns to the four paradoxes raised in Chapter 1, in order to reflect on the contributions of this book as well as to suggest many interesting avenues for further social science research. These topics are also relevant to the policies and strategies of governments, universities and firms. Section 2 highlights one such neglected avenue, namely biotechnology for the health care needs of developing countries. This is such an important topic for further research and recommendations, that a whole section is devoted to it. Section 3 concludes by discussing challenges to conceptual understanding that have been raised in studies of modern biotechnology, including this book. The first paradox referred to controversies over the negative versus positive societal impacts. On the one hand, modern biotechnology is claimed to be as crucially important to many industrial sectors, to large as well as small firms, and as useful to address basic human needs. On the other hand, modern biotechnology is also the centre of controversies about the possible negative impacts related to modification of nature, food safety, animal welfare, environmental protection and global exploitation of the poor. Chapters within this book have raised issues relevant to the government’s role in regulation, handling of risks, the effects...

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