GMOs and Economic Development in Peru: A Myth or an Opportunity?
Peru has a 10-year ban on genetically modified (GM) crops and food that was approved by the Peruvian congress in 2011. Is it scientifically justified or is it a cause and effect fallacy that will make Peru fall behind in taking advantage of this technology and its potential benefits to everyone else in the economy? In order to answer this question, a literature review was carried out to examine the three most commonly used arguments against genetically modified organisms (GMOs) by farmers and all those related to the agriculture industry, reaching the conclusion that they are not one hundred percent plausible. Further research showed the multiple, potential economic benefits that GM seeds could bring about to Peru, which are related to incr... Ver más
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2522-3054
2521-8301
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2019-10-21
45
73
Journal of Economics Finance and International Business - 2019
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GMOs and Economic Development in Peru: A Myth or an Opportunity? https://creativecommons.org/licenses/by-nc-sa/4.0/ Núm. 1 , Año 2019 : October Artículo de revista application/pdf Universidad San Ignacio de Loyola Journal of Economics Finance and International Business https://revistas.usil.edu.pe/index.php/jefib/article/view/397 Español Journal of Economics Finance and International Business - 2019 3 info:eu-repo/semantics/article http://purl.org/coar/resource_type/c_6501 http://purl.org/redcol/resource_type/ARTREF info:eu-repo/semantics/publishedVersion http://purl.org/coar/version/c_970fb48d4fbd8a85 info:eu-repo/semantics/openAccess http://purl.org/coar/access_right/c_abf2 Text 1 Publication Q16 Peru has a 10-year ban on genetically modified (GM) crops and food that was approved by the Peruvian congress in 2011. Is it scientifically justified or is it a cause and effect fallacy that will make Peru fall behind in taking advantage of this technology and its potential benefits to everyone else in the economy? In order to answer this question, a literature review was carried out to examine the three most commonly used arguments against genetically modified organisms (GMOs) by farmers and all those related to the agriculture industry, reaching the conclusion that they are not one hundred percent plausible. Further research showed the multiple, potential economic benefits that GM seeds could bring about to Peru, which are related to increased labor productivity, the development of human capital, and the expansion of renewable energy sources and its implications for trade and employment – the environmental and health benefits of GMO varieties are also discussed. This paper elaborates on such matters by applying different macro and microeconomic concepts, i.e., market structures and competition, the theory of the firm, and scarcity, among others; and provides insights about the different socio-economic realities present in Peru and possible ways to improve them. Baxerias, Diego Banda, Carol Cause and effect fallacy GMO Human capital GM seeds Productivity Scarcity Q13 Q16 Peru has a 10-year ban on genetically modified (GM) crops and food that was approved by the Peruvian congress in 2011. Is it scientifically justified or is it a cause and effect fallacy that will make Peru fall behind in taking advantage of this technology and its potential benefits to everyone else in the economy? In order to answer this question, a literature review was carried out to examine the three most commonly used arguments against genetically modified organisms (GMOs) by farmers and all those related to the agriculture industry, reaching the conclusion that they are not one hundred percent plausible. Further research showed the multiple, potential economic benefits that GM seeds could bring about to Peru, which are related to increased labor productivity, the development of human capital, and the expansion of renewable energy sources and its implications for trade and employment – the environmental and health benefits of GMO varieties are also discussed. This paper elaborates on such matters by applying different macro and microeconomic concepts, i.e., market structures and competition, the theory of the firm, and scarcity, among others; and provides insights about the different socio-economic realities present in Peru and possible ways to improve them. Q13 Journal article Human capital Scarcity Cause and effect fallacy GMO Productivity GM seeds GMOs and Economic Development in Peru: A Myth or an Opportunity? 2019-10-21T00:00:00Z 2019-10-21T00:00:00Z 10.20511/jefib.2019.v3n1.397 2019-10-21 2521-8301 https://revistas.usil.edu.pe/index.php/jefib/article/download/397/739 73 45 2522-3054 https://doi.org/10.20511/jefib.2019.v3n1.397 |
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UNIVERSIDAD SAN IGNACIO DE LOYOLA |
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https://nuevo.metarevistas.org/USIL/logo.png |
| country_str |
Perú |
| collection |
Journal of Economics Finance and International Business |
| title |
GMOs and Economic Development in Peru: A Myth or an Opportunity? |
| spellingShingle |
GMOs and Economic Development in Peru: A Myth or an Opportunity? Baxerias, Diego Banda, Carol Cause and effect fallacy Human capital GM seeds Productivity Scarcity Human capital Scarcity Cause and effect fallacy Productivity GM seeds |
| title_short |
GMOs and Economic Development in Peru: A Myth or an Opportunity? |
| title_full |
GMOs and Economic Development in Peru: A Myth or an Opportunity? |
| title_fullStr |
GMOs and Economic Development in Peru: A Myth or an Opportunity? |
| title_full_unstemmed |
GMOs and Economic Development in Peru: A Myth or an Opportunity? |
| title_sort |
gmos and economic development in peru: a myth or an opportunity? |
| title_eng |
GMOs and Economic Development in Peru: A Myth or an Opportunity? |
| description |
Peru has a 10-year ban on genetically modified (GM) crops and food that was approved by the Peruvian congress in 2011. Is it scientifically justified or is it a cause and effect fallacy that will make Peru fall behind in taking advantage of this technology and its potential benefits to everyone else in the economy? In order to answer this question, a literature review was carried out to examine the three most commonly used arguments against genetically modified organisms (GMOs) by farmers and all those related to the agriculture industry, reaching the conclusion that they are not one hundred percent plausible. Further research showed the multiple, potential economic benefits that GM seeds could bring about to Peru, which are related to increased labor productivity, the development of human capital, and the expansion of renewable energy sources and its implications for trade and employment – the environmental and health benefits of GMO varieties are also discussed. This paper elaborates on such matters by applying different macro and microeconomic concepts, i.e., market structures and competition, the theory of the firm, and scarcity, among others; and provides insights about the different socio-economic realities present in Peru and possible ways to improve them.
|
| description_eng |
Peru has a 10-year ban on genetically modified (GM) crops and food that was approved by the Peruvian congress in 2011. Is it scientifically justified or is it a cause and effect fallacy that will make Peru fall behind in taking advantage of this technology and its potential benefits to everyone else in the economy? In order to answer this question, a literature review was carried out to examine the three most commonly used arguments against genetically modified organisms (GMOs) by farmers and all those related to the agriculture industry, reaching the conclusion that they are not one hundred percent plausible. Further research showed the multiple, potential economic benefits that GM seeds could bring about to Peru, which are related to increased labor productivity, the development of human capital, and the expansion of renewable energy sources and its implications for trade and employment – the environmental and health benefits of GMO varieties are also discussed. This paper elaborates on such matters by applying different macro and microeconomic concepts, i.e., market structures and competition, the theory of the firm, and scarcity, among others; and provides insights about the different socio-economic realities present in Peru and possible ways to improve them.
|
| author |
Baxerias, Diego Banda, Carol |
| author_facet |
Baxerias, Diego Banda, Carol |
| topicspa_str_mv |
Cause and effect fallacy Human capital GM seeds Productivity Scarcity |
| topic |
Cause and effect fallacy Human capital GM seeds Productivity Scarcity Human capital Scarcity Cause and effect fallacy Productivity GM seeds |
| topic_facet |
Cause and effect fallacy Human capital GM seeds Productivity Scarcity Human capital Scarcity Cause and effect fallacy Productivity GM seeds |
| citationvolume |
3 |
| citationissue |
1 |
| citationedition |
Núm. 1 , Año 2019 : October |
| publisher |
Universidad San Ignacio de Loyola |
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Journal of Economics Finance and International Business |
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https://revistas.usil.edu.pe/index.php/jefib/article/view/397 |
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Español |
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Article |
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https://creativecommons.org/licenses/by-nc-sa/4.0/ Journal of Economics Finance and International Business - 2019 info:eu-repo/semantics/openAccess http://purl.org/coar/access_right/c_abf2 |
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Text |
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2019-10-21 |
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2019-10-21T00:00:00Z |
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https://revistas.usil.edu.pe/index.php/jefib/article/view/397 |
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https://doi.org/10.20511/jefib.2019.v3n1.397 |
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2522-3054 |
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2521-8301 |
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10.20511/jefib.2019.v3n1.397 |
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45 |
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73 |
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