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The Role Of Scientific And Business Integrity In The Future Of Biotechnology: A Scenario Analysis

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  • Peterson, H. Christopher
  • Weatherspoon, Dave D.

Abstract

The emergence of biotechnology in crop and livestock applications has been an issue of great controversy. Proponents argue that the potential benefits are dramatic while opponents have raised many concerns about the technology's risks. The Starlink debacle is a prime example of the undesirable outcomes which the debate has created. Given the controversy, what is the future of biotechnology for food uses? This paper is designed to address this question with a focus on the feasible range of alternative futures (scenarios) that could emerge. As a major variable in this analysis, the integrity of the scientific and business communities plays a critically important role. The paper begins with a description of three key uncertainties-food security, environmental/health impacts, and consumer reaction-that will define the future for biotechnology's use in food applications. Based on these uncertainties, four alternative future scenarios for biotechnology are presented. The role of messenger integrity is then introduced. The integrity of various possible messengers (scientists, businesses, government, and non-profits) is examined. The concept of integrity is then used to address a series of current biotechnology issues. Throughout the paper, comparisons and contrasts between the developed and developing world are made.

Suggested Citation

  • Peterson, H. Christopher & Weatherspoon, Dave D., 2001. "The Role Of Scientific And Business Integrity In The Future Of Biotechnology: A Scenario Analysis," Staff Paper Series 11683, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    • Handle: RePEc:ags:midasp:11683
    DOI: 10.22004/ag.econ.11683
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    References listed on IDEAS

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    1. George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(3), pages 488-500.
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    Cited by:

    1. Neven, David & Peterson, H. Christopher & Weatherspoon, Dave D., 2001. "Economic And Social Consequences Of Biotechnology: A Scenario Analysis," Staff Paper Series 11498, Michigan State University, Department of Agricultural, Food, and Resource Economics.

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