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