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Legal, Economic and Environmental Consequences of GMO

   

Added on  2020-03-13

5 Pages1109 Words111 Views
Running head: GOLDEN RICE1Golden RiceNameInstitution Affiliation:

GOLDEN RICE2Legal, economic and environmental consequences of GMOs?On the legal consequences of the GMOs it is regulated under the general statutory authority of the environment, health as well as the safety laws. The legal issue relating to the GMOs is the ‘genetic pollution’ which involves a mix of both the traditional common laws principles which relates to the property rights, patents and the tort liability as well as the regulatory rules which have been enacted by the government (Al-Babili & Beyer, 2005). In the case of the golden rice in Philippines the nonprofit international Rice Research Institute will need to apply for the approval by the government so that they can embark on the research for the golden rice since it isgenetically modified (Al-Babili & Beyer, 2005). This organization needs patents to be able to carry out the research in Philippines of the golden rice.Given the cost of bringing GM food to the market, any biotechnology company would want to make profit on their time, efforts as well as money. On the economic consequences of the GMOsit would bring the following; one is the use of the patent for profits (Enserink, 2008). Due to the high cost and time investment of the development of the GM product, the patent exists to protect the companies, nonetheless there are economic concerns around the use of these patents(Enserink, 2008). The consumers worry that placing a patent on a new kind of GM plant, the price of that seed may increase such as the farmers may not be able to afford these GMOs varieties. Another economic consequences is consumer costs. The pricing of the GMOs foods particularly at the consumer level could vary greatly (Curtis, McCluskey & Wahl, 2004). The prices may be higher while other time could be lower, which can reflect the complex array of thefactors which influences the GMOs pricing and various production levels. On the environmental aspects of the GMOs there is increased use of the toxic herbicides as well as pesticides.

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