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BIOTECHNOLOGY: A KEY CONTRIBUTOR TO SUSTAINABLE ECONOMIC GROWTH
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030205w.pdf
BIOTECHNOLOGY: A KEY CONTRIBUTOR
TO SUSTAINABLE ECONOMIC GROWTH
A Vision Paper by the BIAC Biotechnology Committee
INTRODUCTION
Sustainable economic growth is one of the key strategic challenges for the 21st century. Innovative technological has raised living standards, improved quality of life and enabled mankind to combat hunger, disease and environmental degradation. The expansion of biotechnology in a growing number of economic sectors has played an important role in contributing to this and has enormous potential to improve a broad range of human activities.
As this technology continues to develop and rapidly a wide range of activities from the delivery of vaccines to manufacturing processes, growing numbers of governments and international organisations have increased their attention on how to stimulate its development. The goal of this vision paper is to identify the strategic priorities from the perspective of the international business community. It is meant to serve as guidance to both industry and the public sector as international biotechnology policy is debated and formulated. Relying on BIAC’s formal role with the OECD, this paper will pay particular attention to those actions the OECD can and should take to help achieve these priorities.
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