Biopiracy of bioresources belonging to the developing nations occurs because
I - developing countries lack the traditional knowledge needed to exploit these bioresources.
II - developed countries have poor biodiversity.
III - developing nations receive a lot of monetary compensation in return.
IV - developed countries lack the traditional knowledge needed to exploit these bioresources.
Biopiracy of bioresources belonging to the developing nations occurs because
I - developing countries lack the traditional knowledge needed to exploit these bioresources.
II - developed countries have poor biodiversity.
III - developing nations receive a lot of monetary compensation in return.
IV - developed countries lack the traditional knowledge needed to exploit these bioresources.
The correct option is C II and IV
Biopiracy is the use of biological resources by multinational companies and other organisations without proper authorisation from the concerned countries and people or without compensatory royalty payment to them.
Most developed nations are rich in materialistic resources, finances and technology but they lack the biodiversity that can provide them with a variety of bioresources. They also lack the traditional knowledge needed to utilise these bioresources.
Developing nations, on the other hand, have greater biodiversity and lack of urbanisation and modernisation has restored their link to their ancient roots. Hence these countries are rich in traditional knowldge of various ways to utilise the bioresources available to them.
This is the reason the rich and developed countries end up exploiting the bioresources and knowledge of the developing or underdeveloped nations for modern applications.
This helps them in research and development of unique products without having to spend much time and effort. The poor countries are deprived of adequate compensation or equal returns on the total benefits earned by utilisation of their bioresources or knowledge.
Many developing countries have now become aware of this situation and have developed laws to prevent such cases of biopiracy.
Biopiracy is the use of biological resources by multinational companies and other organisations without proper authorisation from the concerned countries and people or without compensatory royalty payment to them.
Most developed nations are rich in materialistic resources, finances and technology but they lack the biodiversity that can provide them with a variety of bioresources. They also lack the traditional knowledge needed to utilise these bioresources.
Developing nations, on the other hand, have greater biodiversity and lack of urbanisation and modernisation has restored their link to their ancient roots. Hence these countries are rich in traditional knowldge of various ways to utilise the bioresources available to them.
This is the reason the rich and developed countries end up exploiting the bioresources and knowledge of the developing or underdeveloped nations for modern applications.
This helps them in research and development of unique products without having to spend much time and effort. The poor countries are deprived of adequate compensation or equal returns on the total benefits earned by utilisation of their bioresources or knowledge.
Many developing countries have now become aware of this situation and have developed laws to prevent such cases of biopiracy.
