Important Trends in Bioeconomy
1. Bio based industries have impact on other industries. The impact of bioeconomy can also be seen in the multiplier and ripple effect of bioeconomy.
It is seen that with bioeconomy there is both economic multiplier and ripple effects. This is especially important when assessing the creation of jobs in industries in a bioeconomy. As an example, the multiplier effect of direct economic contribution of the consumer supplement industry is examined and found to extend beyond direct employment, goods and services purchased, and taxation payments. It has also been shown that indirect and downstream economic contributions are also evident beyond the particular industry studied.
The study referred uses the input-output (I/O) method to calculate the multiplier and ripple effects of the consumer supplement industry. I/O model is based on the theory that when new money enters a community through investment, revenues, or income, some of it is re-spent one or more times in the local economy, thereby creating additional economic impact. This impact is most often measured in terms of employment (jobs) and income. Thus the ratio of the total employment impact to the initial impact can be measured. The study uses IMPLAN.
The study also demonstrates the interconnectedness of one industry to other industries. This study for the consumer supplement industry aims to determine how it’s direct economic impacts “ripple” through other industries in terms of economic activity and employment. Therefore governments would need to study of the total economic supply value chain to ensure a positive multiplier effect in the economy. Further, ‘quick wins’ may be possible in areas of higher multiplier ratios.
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China
14. Biotech can lead to new realms – 22 July 2009 Retrieved from
http://www.chinadaily.com.cn/opinion/2009-07/22/content_8457489.htm
15. China Implements 10 Bioeconomy Action Plans. 10 October 2012 Retrieved from http://ugig.org
Malaysia
16. National Biotechnology Policy. Retrieved from http://www.mosti.gov.my
17. Bioeconomy Transformation Programme Retrieved from http://www.biotechcorp.com.my/wp-content/uploads/2011/11/publications/BioEconomy-BTP_AR2013.pdf
18. Malaysia: Enriching The Nation, Securing The Future – Scientific American Worldview - Retrieved from http://www.saworldview.com/our-sponsors/malaysia-enriching-the-nation-securing-the-future/
19. Budget boost for bioeconomy, Nov 10, 2013, The Star - Retrieved from http://www.thestar.com.my/News/Nation/2013/11/10/Budget-boost-for-bioeconomy/
On the topic of environmental impacts due to “industrial farming”, Bill McKibben and Blake Hurst share completely different perspectives. McKibben believes that industrial farming has simply left an unexcusable bad impact on the environment, saying that it is unethical and that the meat we eat is potentially killing our environment and us as well. McKibben states that “we should simply stop eating factory-farmed meat, and the effects on climate change would be one of the many benefits.” (page 201). McKibben addresses that the techno fixes brought in industrial farming are simply not enough to help our environment.
In her book Marion Nestle examines many aspects of the food industry that call for regulation and closer examination. Nestle was a member of the Food Advisory Committee to the Food and Drug Administration (FDA) in the 1990’s and therefore helps deem herself as a credible source of information to the audience. (Nestle 2003). Yet, with her wealth of knowledge and experience she narrates from a very candid and logical perspective, but her delivery of this knowled...
... sell their product at a lower rate due to the transportation, storage, and marketing costs. Having the food sold through private markets, cuts out the middle man, and allows more money to end up back into the farms, which helps the farmer put money back into their business and other businesses. Money that goes back into local businesses then increases the local economy through a process called the multiplier effect. The multiplier effect is an economics term that is used to describe where a small investment of money is circulated back into the economy, it sets off a chain reaction that increases exponentially. For example, if a consumer gave the farmer $20 for his goods and the farmer spends three fifths of his income ($20 + (.06x$20)), $32 would be the amount of money available in the market from the initial $20 investment (Krugman, Paul R., and Robin Wells).
For instance,the locavore movement is believed to “..generate twice as much income for the local economy”(Source A). If more money is focused on local economies,there is essentially no balance on general economy. One should understand “..80 percent of us[Americans] live in large,densely populated urban areas,..typically hundreds of miles..from major centers of food production..”(Source F). This implies that getting access to local food will be difficult
be the increase in jobs. Creation of new jobs will take place in the manufacturing
As consumers, we often wonder where our food products come from. Many products in fact, are produced by the agro-commodity food giant, Cargill, which is recognized around the world for its products and services. Cargill, the largest privately owned transnational corporation in The United States is known for dominating different divisions of the agribusiness field while seamlessly globalizing into new sectors of business such as trade for their own growth and development on a fast-tracked basis. While there are social and economic costs for countries and citizens due to Cargill’s efforts, the corporation overall has a positive impact on the lives of inhabitants around the globe as it continues to nourish the world.
Price changes affect demand for various foods. According to the economic theory, consumption of a certain product falls as the price of that item rises...
« The Chinese Economic Development of HD Biosciences Co.». In: X Jornada d’Economia de Caixa Manresa (2005: Manresa) [article online]. Caixa Manresa. [date of consulting: dd/mm/yy].
... Despite the negative effects that had brought bad impact to the country, it was also one of the things that have strengthened the country. It has provided an acceleration of development for the country. Conclusions References Works Cited http://prezi.com/ko92evamttlo/colonial-rule-and-impacts-in-sea/ http://www.marxist.com/malaysia-fifty-years-independence-part-one.htm http://answers.yahoo.com/question/index?qid=20120320222600AAYZmN7 http://answers.yahoo.com/question/index?qid=20090908024038AAH5Qw
Ecological factors might affect Pepsi, but it will not have much toll on trade and profit generation. Ecological factors affect agriculture businesses more.
In Malaysia, the United Malay National Organization (UMNO) became the dominant political force beginning in 1959. UMNO created an agreement with MCA (Malayan Chinese Association) and MIC (Malayan Indian Congress) together they formed the Barisan Nasional (National Front or BN) and since 1974 it has been the senior partner in a governing coalition. Since its formation as an independent state in 1963, Malaysia has never experienced a change in government. UMNO’s positions are attractive because they are important in Malaysia’s political and business life. Because UMNO leader has always served as Malaysia’s de facto prime minister, the party’s internal election is seen as the country’s real election. UMNO’s party apparatus often reflects the state’s apparatus, a fact that makes UMNO’s election even more alike with the country’s election.
Countries strengths are measure by it politics, economic and social but beside this, environment change is needed in Malaysia for the better of the future development, educate and lead Malaysian to more value with the environment. While government should protecting and preserving the environment.
One must look at the economic environment and how it will affect the launch of the product. One must look at:
Braun, J. von, and Eileen Kennedy. Agricultural commercialization, economic development, and nutrition. Johns Hopkins University Press, 1994.