Book Review: Timothy Cadman, Lauren E Eastwood, Federico López-Casero Michaelis, Tek Narayan Maraseni, Jamie Pittock and Tapan Sarker, The Political Economy of Sustainable Development: Policy Instruments and Market Mechanisms

2017 ◽  
Vol 15 (3) ◽  
pp. 472-472
Author(s):  
John Olushola Magbadelo
2021 ◽  
Vol 13 (7) ◽  
pp. 3687
Author(s):  
Vincent Smith ◽  
Justus H. H. Wesseler ◽  
David Zilberman

This perspective discusses the impact of political economy on the regulation of modern biotechnology. Modern biotechnology has contributed to sustainable development, but its potential has been underexplored and underutilized. We highlight the importance of the impacts of regulations for investments in modern biotechnology and argue that improvements are possible via international harmonization of approval processes. This development is urgently needed for improving sustainable development. Policy makers in the European Union (EU) in particular are challenged to rethink their approach to regulating modern biotechnology as their decisions have far ranging consequences beyond the boundaries of the EU and they have the power to influence international policies.


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