ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series
ÌÇÐÄvlog¹ÙÍø Working Paper No. RWP12-008
March 2012
Abstract
Science and innovation have always been the key forces behind agricultural growth in particular
and economic transformation in general. More specifically, the ability to add value to
agricultural production via the application of scientific knowledge to entrepreneurial activities
stands out as one of the most important lessons of economic history. The Green Revolution
played a critical role in helping to overcome chronic food shortages in Latin America and Asia.
The Green Revolution was a result of both the creation of new institutional arrangements
aimed at using existing technology to improve agricultural productivity, as well as new scientific
breakthroughs leading to superior agricultural inputs, particularly improved strains of wheat
and rice.
In the wake of the recent global economic crisis and continually high food prices, the
international community is reviewing its outlook on human welfare and prosperity.
Much of the current concern on how to foster development and prosperity in developing
countries reflects the consequences of recent neglect of sustainable agriculture and
infrastructure as drivers of development. But all is not lost. Instead, those developing countries
that have not yet fully embraced agricultural technology now have the chance to benefit from
preexisting scientific advances in agriculture, particularly in biotechnology. Areas of the
developing world lagging in the utilization and accumulation of technology have the ability not only to catch up to industrial leaders in biotechnology, but also to attain their own level of research growth.
Citation
Juma, Calestous. "Technological Abundance for Global Agriculture: The Role of Biotechnology." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP12-008, March 2012.