NEETZoologyBiotechnology and Its Applications
What is the main reason for the growing realization of injustice, inadequate compensation and benefit sharing between developed and developing countries?
Options
- AThe exploitation of bio-resources and traditional knowledge without proper authorization.
- BThe commercialization of bio-resources and traditional knowledge.
- CThe development of modern applications using bio-resources and traditional knowledge.
- DThe use of bio-resources and traditional knowledge to save time and effort.
Correct answer
A. The exploitation of bio-resources and traditional knowledge without proper authorization.
Step-by-step solution
Most of the industrialised nations are rich financially but poor in biodiversity and traditional knowledge. In contrast the developing and the underdeveloped world is rich in biodiversity and traditional knowledge related to bio-resources. Traditional knowledge related to bio-resources can be exploited to develop modern applications and can also be used to save time, effort and expenditure during their commercialisation. There has been growing realisation of the injustice, inadequate compensation and benefit sharin