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In 2008, like the rest of the global economy, the biotech industry was facedwith a world economic crisis and its consequences: dramatic reduction in availablecapital, the share price fall and reduction of the venture capital, and the closure of asignificant number of companies. Despite the difficulties the financial results weremore than favorable. The industry last year for the first time in the history ofbusiness has achieved overall profitability. Monsanto, the most importantagricultural biotechnology company achieved record net profits from the sale. Thepaper concludes that the financial crisis contributed to the concentration of capitaland strengthening the monopoly position of multinational companies.

Keywords: biotechnology ; GM ; industry ; agriculture ; global crisis

Subject(s): Environmental Economics and Policy

International Relations/Trade

Research and Development/Tech Change/Emerging Technologies

Issue Date: 2010

Publication Type: Journal Article

PURL Identifier: http://purl.umn.edu/245141 Published in: Economics of Agriculture, Volume 57, Number 3 Page range: 369-376

Record appears in: Institute of Agricultural Economics, Belgrade - Serbia > Economics of Agriculture

Economics of Agriculture

Economics of Agriculture





Autor: Papic-Brankov, Tatjana ; Lovre, Koviljko

Fuente: http://ageconsearch.umn.edu/record/245141?ln=en



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