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The status of biotechnology-based innovations

journal contribution
posted on 2023-06-09, 03:55 authored by Joyce Tait, Joanna Chataway, Sharon Jones
This paper contributes to the debate surrounding the question of whether biotechnology, particularly its applications in agricultural and food-related industries, should be regarded as revolutionary or evolutionary (with some reservations about the validity of the question). The potential to create a revolutionary techno-economic paradigm shift does exist but it is currently being severely inhibited by uncertainty about the future state of markets and regulatory systems. It is also important to consider the motivations underlying statements about the revolutionary /evolutionary nature of biotechnology, as some such statements are intended to influence events rather than to reflect them. The impact of small firms on the direction and pace of revolutionary change in these industries is likely to be marginal, unlike the situation in the early phases of the electronics/IT revolution. At present the lack of integration of policy initiatives by national governments and the EC is a major factor discouraging the rapid implementation of change.

History

Publication status

  • Published

Journal

Technology Analysis & Strategic Management

ISSN

0953-7325

Publisher

Taylor & Francis

Issue

3

Volume

2

Page range

293-305

Department affiliated with

  • SPRU - Science Policy Research Unit Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2016-11-07

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