Wednesday, October 17, 2012

Lesson 0.7 - 1st October


Session 7 of TWC discuss the BioBusiness revoluntion, touching topics on agribiology, environmental life sciences and industrial biotechnology of the past present and future.
Basically, the amalgamation of biology and technology, forms Bio-technology. This form of technology provide a room full of solutions for the global problems of today. It is interesting to know that Bio-business already constitutes over 25% of global GDP and employment of up to 40% of the world labor force. These figures provide a substantial value to the business- showing the significance and influence of this industry. The huge number of people involved shows that this issue should be given priority, and not easily dismissed. The technological advancements in relation to this industry can easily influence global standard of living  , affecting the employments and availability of food. 
The lesson touched on the genetic engineering of crops. This method of technological application require biological knowledge, tackling issues like starvation. The genetically modified crops benefit the producers, lowering their cost of production in a sense. These crops are given amicable attributes such as pest-resistance and durability against unfavorable climatic conditions. Such characteristics allow an increment in output, which producers can offer at a lower rate. This breakthrough allow massive improvement in global standard of living. However, it is important to note that the distribution of these food products determines the extent of its effectiveness in tacking global issues. As mentioned in class: "There's enough on this planet for everyone's need but not for everyone's greed." - Mahatma Ghandhi
One of the few key takeaways from this lesson would be the solutions available in ending world hunger. The advancements in bio-tech allow room for development in tackling starvation. However, it is dissapointing knowing that the developing countries still struggle in dealing with this issue. The technological disparity prevent these crops from reaching the people who need it most. I personally believe that the investments made on biotech would reap tons of benefits. Despite the environmental and ethical concerns raised, the benefits can actually outweigh the cost. It would be interesting if Prof actually delved into the concerns raised, and the potential costs involved. 
Overall, I rate this lesson an 8/10. 

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