To tackle the global economic recession all nations should join hand in hand to create quality economic growth that can provide substantial employment opportunities and prosperity, particularly for poor citizens.
This can be done by revitalizing existing real sectors, boosting new sources of economic growth and improving the global financial system. One of the most promising sources of new economic growth is the ocean (marine) biotechnology industry.
Oceans cover over 70 percent of the earth’s surface and account for 95 percent of the planet’s
living space. They are a huge reservoir of high-quality food, biomedical compounds, renewable energy and many other important products. Marine biotechnology, which is defined as “the application of scientific and engineering principles in the processing of materials by marine biological agents to provide goods an...