Write a short note on biopiracy,highlighting the exploitation of developing countries by the developed countries.
(N/A) Biopiracy 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.
Most of the industrialized and developed nations are rich financially but poor in biodiversity and traditional knowledge.
On the other hand,the developing and underdeveloped world is rich in biodiversity and traditional knowledge related to bio-resources.
Traditional knowledge related to bio-resources can be exploited to develop modern applications and can also be used to save time,effort,and expenditure during their commercialization.
Most of the industrialized and developed nations are rich financially but poor in biodiversity and traditional knowledge.
On the other hand,the developing and underdeveloped world is rich in biodiversity and traditional knowledge related to bio-resources.
Traditional knowledge related to bio-resources can be exploited to develop modern applications and can also be used to save time,effort,and expenditure during their commercialization.
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Similar Questions
Given below are two statements:
Statement $I$: The Indian Government has set up $\text{GEAC}$ which will make decisions regarding the validity of $\text{GM}$ research.
Statement $II$: Biopiracy is the term used to refer to the use of bio-resources by native people.
In the light of the above statements,choose the correct answer from the options given below:
Statement $I$: The Indian Government has set up $\text{GEAC}$ which will make decisions regarding the validity of $\text{GM}$ research.
Statement $II$: Biopiracy is the term used to refer to the use of bio-resources by native people.
In the light of the above statements,choose the correct answer from the options given below:
Difficult
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:
What is $GEAC$? Give its function.
Easy
View SolutionThe aims and objectives of the Genetic Engineering Approval Committee $(GEAC)$ are:
$I$. To permit the use of genetically modified organisms and their products for commercial applications.
$II$. To adopt the procedures for restriction,production,and application of $GM$ organisms.
$III$. Approval to conduct large-scale field trials and release of transgenic crops into the environment.
Which of the statements given above are correct?
$I$. To permit the use of genetically modified organisms and their products for commercial applications.
$II$. To adopt the procedures for restriction,production,and application of $GM$ organisms.
$III$. Approval to conduct large-scale field trials and release of transgenic crops into the environment.
Which of the statements given above are correct?
Medium
View SolutionWhich Indian Patent Bill has been passed by the Indian Parliament regarding the regulation of biological resources and associated knowledge?
Medium
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