This paper surveys the current status of GM crops and where the technology is heading. It then analyzes how the currently dominant crops and traits have not delivered as hoped for developing country farmers and consumers, while technologies under development could be more beneficial.
This paper develops a three-sector theoretical growth model to capture the role of consumers’ acceptance towards the second generation of genetically modified (GM) crops in the long run growth process of the economy.
Twenty years ago, the first genetically modified (GM) crops were planted in the USA, alongside dazzling promises about this new technology. Two decades on, the promises are getting bigger and bigger, but GM crops are not delivering any of them.