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Full-Text Articles in Food Biotechnology
Agricultural Biotechnology In China: An Unreachable Goal?, Stanley P. Kowalski
Agricultural Biotechnology In China: An Unreachable Goal?, Stanley P. Kowalski
Law Faculty Scholarship
Recently there has been much discussion about the People’s Republic of China’s (PR) investment in and commitment to agricultural biotechnology (agri-biotech). Rapid economic expansion, population growth and technological development are changing the PRC; accompanying these changes is increased demand for high-quality food and fibre. Agri-biotech is optimistically viewed as an important way to meet these demands. Whereas Chinese technological capacity in agri-biotech has advanced significantly over the past decade, it may be unable to meet these challenges. Even when this capacity is combined with good intentions, enlightened policy and large capital outlays, accelerated development of agri-biotech may nevertheless be precluded. …
Power, Privilege, And Special Interests: Rent Seeking And Subsidies In Agriculture, Matt Bogard
Power, Privilege, And Special Interests: Rent Seeking And Subsidies In Agriculture, Matt Bogard
Agriculture Department Seminar Series
This presentation covers what Public Choice economists refer to as ‘rent seeking,’ generally seeking favor or special privilege from government through subsidies or regulatory advantages. Particularly, the biotech industry is the area of focus for this presentation. Problems with rent seeking in the biotech industry involve less innovation and industry consolidation. Policies related to biotech regulation, school lunch programs, the Clean Air Act, and ethanol subsidies are discussed. A game theoretic approach is used and it is concluded that issues related to rent seeking and special interests are not adequately addressed by recent campaign finance reform efforts. Alternatives such as …