Genetically Modified (GM) refers to organisms (plants, animals, or microorganisms) whose genetic material has been altered using genetic engineering techniques. These modifications introduce new traits or enhance existing ones that cannot be achieved through traditional breeding methods.
Key Features of Genetically Modified Organisms (GMOs):
Methods of Modification
Gene Insertion: Introducing specific genes from other organisms to impart desired traits, such as pest resistance.
Gene Editing: U
Genetically Modified (GM) refers to organisms (plants, animals, or microorganisms) whose genetic material has been altered using genetic engineering techniques. These modifications introduce new traits or enhance existing ones that cannot be achieved through traditional breeding methods.
Key Features of Genetically Modified Organisms (GMOs):
Methods of Modification
Gene Insertion: Introducing specific genes from other organisms to impart desired traits, such as pest resistance.
Gene Editing: U
Genetically Modified (GM) refers to organisms (plants, animals, or microorganisms) whose genetic material has been altered using genetic engineering techniques. These modifications introduce new traits or enhance existing ones that cannot be achieved through traditional breeding methods.
Key Features of Genetically Modified Organisms (GMOs):
Methods of Modification
Gene Insertion: Introducing specific genes from other organisms to impart desired traits, such as pest resistance.
Gene Editing: U
Genetically Modified (GM) refers to organisms (plants, animals, or microorganisms) whose genetic material has been altered using genetic engineering techniques. These modifications introduce new traits or enhance existing ones that cannot be achieved through traditional breeding methods.
Key Features of Genetically Modified Organisms (GMOs):
Methods of Modification
Gene Insertion: Introducing specific genes from other organisms to impart desired traits, such as pest resistance.
Gene Editing: U
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Genetically Modified Organisms
Impact on the economy
Reporter: JESSEL HERRERA BACTONG
Objectives
* To identify the impact of genetically modified
organism in the economy
To Identify the Economic benefits in Specific sector of
GMO
* To determine the Ecnomic benefits and economic risk
of GMOs on the impact to the economy According to the world health organization ,-"Genetically modified (GM) food are foods derived from organism whos genetic material (DNA) has been modified in a way Does not occur naturally ,I,e, through the introduction of a gene from a different organization. - Reduced Production Costs: Farmers experience lower expenses for pest control and herbicide applications, leading to increased profitability
- Increased Crop Yields:
GMOs can enhance crop yields, boosting agricultural output and contributing to food security - Improved Resource Utilization: GMOs can enhance resource utilization by reducing water and land requirements for crop production
- Enhanced Environmental Sustainability:
Reduced pesticide use can lead to environmental benefits like reduced soil and water contamination *Economic benefits in specific sectors:*
1. *Agriculture*: GMOs can increase crop
yields, reduce pesticide use, and improve drought tolerance. 2. *Pharmaceuticals*: GMOs can produce medicinal products, such as insulin and vaccines
. 3. *Food industry*: GMOs can improve food quality, shelf life, and nutritional content. *Negative impacts:
1. *Patenting and ownership
: Biotech companies can patent GMOs, limiting access to genetic resources and creating monopolies.
2. *Dependence on multinational corporations*:
Small farmers may become dependent on multinational corporations for GMO seeds, leading to loss of autonomy. *Contamination of non-GMO crops*: GMOs can contaminate non-GMO crops, affecting their market value.
4. *Regulatory costs*: Implementing and enforcing
GMO regulations can be costly.
5. *Public perception and market rejection*: Negative
public perception can lead to market rejection, affecting exports and economic losses. GMOs have had a profound impact on the global economy, offering potential benefits in terms of agricultural productivity, food security, and economic development. However, concerns about market concentration, inequality, and unforeseen consequences necessitate careful consideration and regulation.