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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 JonesThis 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 ManagementISSN
0953-7325Publisher
Taylor & FrancisExternal DOI
Issue
3Volume
2Page range
293-305Department affiliated with
- SPRU - Science Policy Research Unit Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2016-11-07Usage metrics
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