Chapter

Introduction: Biotechnology in the New Millennium

Rachel A. Schurman

in Engineering Trouble

Published by University of California Press

Published in print June 2003 | ISBN: 9780520237612
Published online March 2012 | e-ISBN: 9780520937499 | DOI: http://dx.doi.org/10.1525/california/9780520237612.003.0001
Introduction: Biotechnology in the New Millennium

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This book describes the concrete political-economic changes taking place in and around the biotechnology sector, the institutional foundations on which those changes have been built, and the political struggles they are generating. The studies suggest that the groundswell of social resistance, both organized and unorganized, is profoundly affecting the industry and the trajectory of technological change. As several of the chapters show, social resistance has substantially reduced the market for genetically engineered products, particularly in Europe; has negatively altered the political climate surrounding the technology by raising concerns about its potential consequences; and has significantly dampened Wall Street's enthusiasm for biotechnology and slowed the industry's momentum. Three final observations about biotechnology, its meaning, and its future are elaborated.

Keywords: biotechnology; institutional foundations; political struggles; social resistance; genetically engineered products; Wall Street

Chapter.  10062 words. 

Subjects: History of Science and Technology

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