Ignoring our traditional knowledge can prove costly in the area of biological patenting. Justify.
(N/A) Ignoring traditional knowledge can prove costly in the area of biological patenting because:
$1$. Most industrialized nations are financially rich but poor in biodiversity and traditional knowledge.
$2$. In contrast,developing and underdeveloped nations are rich in biodiversity and traditional knowledge related to bio-resources.
$3$. Traditional knowledge can be exploited to develop modern applications,saving significant time,effort,and expenditure during commercialization.
$4$. There is a growing realization of the injustice,inadequate compensation,and lack of benefit-sharing between developed and developing countries.
$5$. Consequently,many nations are now developing strict laws to prevent the unauthorized exploitation of their bio-resources and traditional knowledge,often referred to as biopiracy.
$1$. Most industrialized nations are financially rich but poor in biodiversity and traditional knowledge.
$2$. In contrast,developing and underdeveloped nations are rich in biodiversity and traditional knowledge related to bio-resources.
$3$. Traditional knowledge can be exploited to develop modern applications,saving significant time,effort,and expenditure during commercialization.
$4$. There is a growing realization of the injustice,inadequate compensation,and lack of benefit-sharing between developed and developing countries.
$5$. Consequently,many nations are now developing strict laws to prevent the unauthorized exploitation of their bio-resources and traditional knowledge,often referred to as biopiracy.
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Similar Questions
Which of the following is the correct option for biopiracy?
$(I)$ Use of bio-resources by multinational companies and organizations without proper authorization from the country and people concerned,and without compensatory payment.
$(II)$ Traditional knowledge related to bio-resources can be exploited.
$(III)$ Nations are developing laws to prevent the unauthorized exploitation of their bio-resources.
$(I)$ Use of bio-resources by multinational companies and organizations without proper authorization from the country and people concerned,and without compensatory payment.
$(II)$ Traditional knowledge related to bio-resources can be exploited.
$(III)$ Nations are developing laws to prevent the unauthorized exploitation of their bio-resources.
Medium
View Solution$A$ : Some nations are developing laws to prevent unauthorised exploitation of their bioresources and traditional knowledge.
$R$ : Brazzein,a protein obtained from a West African plant,was isolated,sequenced,and patented in $U.S.A.$
$R$ : Brazzein,a protein obtained from a West African plant,was isolated,sequenced,and patented in $U.S.A.$
Medium
View SolutionSome multinational companies have exploited the traditional knowledge of the indigenous people to produce commercially important bioproducts,without their consent. This is an example of:
Why has the Indian Parliament cleared the second amendment of the country's patents bill?
Medium
View Solution............. is the term used to refer to the use of bio-resources by multinational companies and other organizations without proper authorization from the countries and people concerned,and without compensatory payment.
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