3. A Reshuffling of Markets and Growth Opportunities

The Brave New World of the Bioeconomy

In Chapter 1, “Power Shifts in Global R&D and Innovation,” we noted that experts see the emergence of biology as the leading field of science in this century. The broad applications of discoveries in the fields that comprise the life sciences, especially in genetics and molecular biology, are creating the potential for a bioeconomy. Such an economy will include pervasive applications of life science discoveries in many industrial processes and commercial markets, from health to food and fuels. Several arguments promote the emergence of the bioeconomy.1 The affluence of highly developed Western societies with their saturated consumption needs—together with ...

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