World Food Policy WFP Volume 4, No. 2, Spring 2018 | Page 33

The Role of Multinational Corporations in the Supply of Agricultural Production Technology to China & India References 4. Food safety and environmental regulations and enforcement need to be strengthened to ensure that farmers’ have access to new technol- ogy but protects them and consum- ers from health and environmental issues. The need for science-based regulation is particularly acute with GMOs and gene editing which are now mired in politics in both coun- tries. Ironically this allows farmers the Americas to reap the benefits of global (including Chinese and Indi- an) biological research that Chinese and Indian farmers are not allowed to use. Agronews 2016. Lists of 2015 China top 100 pesticide technical companies and top 50 formulation companies released. http://news.agropages.com/News/ NewsDetail---18039.htm downloaded April 12, 2017. Deng T.P. 2018. Policies, Research, In- novation and Productivity: An Analysis Of The Chinese Agricultural Machin- ery Industry. Master of Science Thesis. Rutgers, The State University of New Jersey Holmes, T.J. McGrattan E.R., Prescott E.R. 2015. Quid Pro Quo: Technology Capital Transfers for Market Access in China Federal Reserve Bank of Minne- apolis Research Department Staff Re- port 486 Two important areas of fur- ther research could be useful to pol- icy makers. First, careful analysis of the impact of FDI on the agricultural input industries and food processing industries and then measurement of the impact of innovations from these industries on agricultural productivity, labor and the environment. This would allow governments to assess the bene- fits from FDI. Klümper, W., & Qaim, Martin. (2014). A Meta-Analysis of the Impacts of Ge- netically Modified Crops. PLoS ONE, 9(11), e111629. Steven Haggblade & Bart Minten & Carl Pray & Thomas Reardon & David Zilberman, 2017. "The Herbicide Rev- olution in Developing Countries: Pat- terns, Causes, and Implications,"  The European Journal of Development Re- search, Palgrave Macmillan; European Association of Development Research and Training Institutes (EADI), vol. 29(3), pages 533-559, July. The second area for future re- search is assessing the costs to gov- ernments, local industry and farmers of FDI. Paying U.S. $43 billion of gov- ernment money for a company like Syngenta and merging it into an $80 billion state owned chemical company may not be the most efficient way to ac- cess foreign biotech, seed and chemical technology. Constructing appropriate counterfactuals will be a challenge but such studies could provide policy mak- ers with a better assessment of the costs of different strategies. Pray, Carl., & Nagarajan, Latha. 2014. The Transformation of Indian Agricul- tural Input Industries: Has It Increased 29