The contribution of microbial biotechnology to economic growth and employment creation

Traditional primary and secondary business sectors have contributed significantly to economic growth in particular in high- and middle-income countries; however, these sectors are primarily based on redistribution/transformation, i.e. mining, harvesting, refining, processing, utilizing and disposing of finite (e.g. ore, oil) or temporally limited (e.g. crops) resources. Even a purely anthropocentric view of the planet is constrained by the fact that it and its inhabitants are subject to basic ecological rules (the food/energy pyramid, functional changes in the planetary ecological network induce compensatory reactions elsewhere in the network, etc.), finite resources and ecological consequences of environmental abuse. Thus, the notion that perpetual economic growth of traditional business sectors is possible and sustainable is unrealistic. The central task is thus to focus strategic economic development investment in new business growth sectors that most effectively and sustainably inter alia increase productivity, streamline consumption and scale down waste, in order to create a healthy economic growth trajectory within the global context. This will necessitate implementation of strategic policies designed to drive development of innovative solutions, which efficiently maximize the utility of local and regional advantages, incentivize diversification, establish centres of excellence, foster transnational public and private partnerships, attract investment, etc., to sustainably increase domestic and international value and, in turn, grow economies. Here we (i) argue that biotechnology and, in particular, microbial biotechnology offer huge potential to sustainably drive enterprise, employment and expertise creation and (ii) provide some examples of challenges and solutions, that may guide policy makers in the formulation and implementation of relevant policies that will facilitate economic growth