NORTH-NORTH-SOUTH AG-BIOTECH POLICY: IMPLICATIONS FOR GROWTH AND TRADE
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This paper examines the impact of European Union policy on genetically modified organisms on trade flows and economic growth. Restrictive European Union policies on biotech production and consumption result in: an effective export subsidy of capital to the South; new trade flows; North America being the dominant producer of biotech research and development; the South being a dominant producer of biotech products; and the European Union being the dominant producer of traditional agricultural products.