Bioprospecting Pros and Cons

Discovery of several life-saving drugs including anti-neoplastic drugs in recent past has renewed the interest of pharmaceutical industries in Bioprospecting and imbalance in ecosystem due to excessive exploitation of material resources is always a possibility.While a focus on colonization has faded from the agendas of most countries, economic globalization has taken its place, largely fueled by the capitalist international trade system. Countries, and more recently corporations, now expand into the global market by establishing themselves as economic powerhouses, often at the expense of other countries or peoples. The methods of globalization range from economic incentives, to subtle exploitation of resources; the most damaging effects often result from the latter method. The product of biological exploitation has been a distinct and detrimental marginalization of many countries and their indigenous peoples for the sake of profit.