Economic potential of biotechnologies

Abstract

Biotechnology is one of the most promising areas of development of modern science and technology. Within the framework of biotechnology, the potential of using living systems and their metabolic products to solve various technological problems is being studied, and methods are being developed to create new organisms using recombinant DNA in accordance with the concepts of genetic engineering. The interdisciplinary nature of biotechnologies makes it possible to use their results in various economic sectors: in agriculture and the food industry, in pharmaceuticals, medicine, in the production of biofuels, in waste processing and in the fight against pollution of natural ecosystems. This article provides a comprehensive study of the economic potential of biotechnologies and the possibility of their application in the modern world.