Policy for Bioeconomic Growth

Policymakers around the world increasingly look to biology to strengthen economies and promote national security and well-being. But what is the bioeconomy, and how can policy promote its growth?
According to a 2020 National Academies of Sciences, Engineering, and Medicine (NASEM) report, in 2016, the US bioeconomy was estimated to account for 5.1% of US gross domestic product (GDP), or $959.2 billion, with the potential to grow to 7.4%.
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Source: Washington Watch - May 5, 2020 Category: Biology Authors: Jyotsna L. Pandey Source Type: news