Genetic modification (GM) technology has revolutionized agriculture and medicine, offering the potential for increased food production, improved nutritional value, and novel disease treatments. However, its rapid advancement has sparked intense debate regarding its social and economic implications. From an economic perspective, GM crops promise higher yields and reduced reliance on pesticides and herbicides, leading to increased profits for farmers and lower food prices for consumers. The development and commercialization of GM seeds are also major economic drivers, creating jobs in biotechnology and related industries. Furthermore, GM technology can contribute to sustainable development by enhancing crop resilience to climate change and reducing the environmental impact of agriculture. However, concerns remain. One major issue is the potential for the development of herbicide-resistant weeds, requiring even stronger chemicals, potentially harming the environment and human health. Another is the potential for genetic contamination, where GM crops cross-pollinate with wild relatives, potentially altering biodiversity. The economic benefits are not always evenly distributed, with smallholder farmers in developing countries often lacking access to GM technology or facing economic disadvantages in its adoption. Socially, the widespread adoption of GM technology raises concerns about food safety, labeling requirements, and consumer choice. There are ethical considerations related to patenting genes and the control of food production by large corporations. Public perception of GM foods is often influenced by misinformation and a lack of scientific understanding, leading to resistance against the technology despite its potential benefits. Furthermore, the potential impact on traditional farming practices and cultural values needs careful consideration. In conclusion, GM technology presents a complex interplay of economic opportunities and social challenges. A balanced approach is required, weighing the potential benefits against the risks, ensuring equitable access and addressing the legitimate concerns of various stakeholders. This involves fostering scientific literacy, promoting transparency, and establishing robust regulatory frameworks to mitigate potential negative consequences while harnessing the transformative potential of this technology.
1. According to the passage, which of the following is NOT a potential economic benefit of GM technology?
2. The passage suggests that the economic benefits of GM technology are:
3. What is one of the main social concerns regarding GM technology, according to the passage?
4. The passage concludes that a balanced approach to GM technology requires: