IMPLICATIONS OF GLOBAL ECONOMIC CRISIS ON BIOTECHNOLOGY INDUSTRY
In 2008, like the rest of the global economy, the biotech industry was faced with a world economic crisis and its consequences: dramatic reduction in available capital, the share price fall and reduction of the venture capital, and the closure of a significant number of companies. Despite the diffi...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Naučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt
2010-09-01
|
| Series: | Ekonomika Poljoprivrede (1979) |
| Subjects: | |
| Online Access: | https://www.ea.bg.ac.rs/index.php/EA/article/view/1109 |
| _version_ | 1797825008110665728 |
|---|---|
| author | Tatjana Papić- Brankov Koviljko Lovre |
| author_facet | Tatjana Papić- Brankov Koviljko Lovre |
| author_sort | Tatjana Papić- Brankov |
| collection | DOAJ |
| description |
In 2008, like the rest of the global economy, the biotech industry was faced with a world economic crisis and its consequences: dramatic reduction in available capital, the share price fall and reduction of the venture capital, and the closure of a significant number of companies. Despite the difficulties the financial results were more than favorable. The industry last year for the first time in the history of business has achieved overall profitability. Monsanto, the most important agricultural biotechnology company achieved record net profits from the sale. The paper concludes that the financial crisis contributed to the concentration of capital and strengthening the monopoly position of multinational companies.
|
| first_indexed | 2024-03-13T10:47:45Z |
| format | Article |
| id | doaj.art-e97e0c2194ff4a78be2a190206bef4ac |
| institution | Directory Open Access Journal |
| issn | 0352-3462 2334-8453 |
| language | English |
| last_indexed | 2024-03-13T10:47:45Z |
| publishDate | 2010-09-01 |
| publisher | Naučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt |
| record_format | Article |
| series | Ekonomika Poljoprivrede (1979) |
| spelling | doaj.art-e97e0c2194ff4a78be2a190206bef4ac2023-05-17T17:00:37ZengNaučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, BukureštEkonomika Poljoprivrede (1979)0352-34622334-84532010-09-01573IMPLICATIONS OF GLOBAL ECONOMIC CRISIS ON BIOTECHNOLOGY INDUSTRYTatjana Papić- Brankov0Koviljko Lovre1European University, BelgradeFaculty of Economy, Subotica In 2008, like the rest of the global economy, the biotech industry was faced with a world economic crisis and its consequences: dramatic reduction in available capital, the share price fall and reduction of the venture capital, and the closure of a significant number of companies. Despite the difficulties the financial results were more than favorable. The industry last year for the first time in the history of business has achieved overall profitability. Monsanto, the most important agricultural biotechnology company achieved record net profits from the sale. The paper concludes that the financial crisis contributed to the concentration of capital and strengthening the monopoly position of multinational companies. https://www.ea.bg.ac.rs/index.php/EA/article/view/1109biotechnology, GM, industry, agriculture, global crisis |
| spellingShingle | Tatjana Papić- Brankov Koviljko Lovre IMPLICATIONS OF GLOBAL ECONOMIC CRISIS ON BIOTECHNOLOGY INDUSTRY Ekonomika Poljoprivrede (1979) biotechnology, GM, industry, agriculture, global crisis |
| title | IMPLICATIONS OF GLOBAL ECONOMIC CRISIS ON BIOTECHNOLOGY INDUSTRY |
| title_full | IMPLICATIONS OF GLOBAL ECONOMIC CRISIS ON BIOTECHNOLOGY INDUSTRY |
| title_fullStr | IMPLICATIONS OF GLOBAL ECONOMIC CRISIS ON BIOTECHNOLOGY INDUSTRY |
| title_full_unstemmed | IMPLICATIONS OF GLOBAL ECONOMIC CRISIS ON BIOTECHNOLOGY INDUSTRY |
| title_short | IMPLICATIONS OF GLOBAL ECONOMIC CRISIS ON BIOTECHNOLOGY INDUSTRY |
| title_sort | implications of global economic crisis on biotechnology industry |
| topic | biotechnology, GM, industry, agriculture, global crisis |
| url | https://www.ea.bg.ac.rs/index.php/EA/article/view/1109 |
| work_keys_str_mv | AT tatjanapapicbrankov implicationsofglobaleconomiccrisisonbiotechnologyindustry AT koviljkolovre implicationsofglobaleconomiccrisisonbiotechnologyindustry |