Question

Write a short note on Biopiracy highlighting the exploitation of developing countries by the developed countries.

Answer 1

• Biopiracy is the term used to refer to the use of bio-resources by multinational companies and other organisations without proper authorisation from the countries and people concerned without compensatory payment.
• Most of the industrialised nations are rich financially but poor in biodiversity and arid traditional knowledge.
• In contrast the developing and the underdeveloped world are 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.