Laying the foundations for a bio-economy |
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Authors: | Robert Carlson |
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Institution: | (1) Bio Economic Research Associates, Cambridge, USA |
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Abstract: | Biological technologies are becoming an important part of the economy. Biotechnology already contributes at least 1% of US
GDP, with revenues growing as much as 20% annually. The introduction of composable biological parts will enable an engineering
discipline similar to the ones that resulted in modern aviation and information technology. As the sophistication of biological
engineering increases, it will provide new goods and services at lower costs and higher efficiencies. Broad access to foundational
engineering technologies is seen by some as a threat to physical and economic security. However, regulation of access will
serve to suppress the innovation required to produce new vaccines and other countermeasures as well as limiting general economic
growth.
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Keywords: | Biofuels Biosecurity Composable parts Economic growth Regulation Synthetic biology |
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