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The Impact of Genomics on the World’s Economy

Genomics, the science of manipulating, building, studying, and designing molecules, is going to change the face of the world’s economy as we know it. Companies are rushing to adapt to the rapidly changing economic environment as new discoveries are being made in this field. Genomics has the potential to affect all aspects of every sort of industry. Since gen ....

Middle of Paper
.... the annual gross national product of some 143 of the world’s nations (Enriquez 925). These mergers also allow the companies to combine their knowledge pools to gain an edge in the race to acquire licensing agreements and patents. In 1991 the U.S. Patent and Trademark Office got 4000 requests for patents on gene sequences. In 1996 the requests for patents on gene sequences shot up to 500,000 (Enriquez 925). It seems impossible not to go with life sciences. DuPont ....

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