Galt Global Review

QFS 360

January 20, 2003
business digest


European Roundup
by Esme Friesen

headlines:
Sensing art thru science and science thru art
Parkinson’s research gets more funding
EU adopts GMO identification system
Germany funds Kenya’s economic reconstruction
UK economy running ahead of eurozone

Sensing art thru science and science thru art
A unique project exploring how science can contribute to the arts, and the arts to science, has been launched this month at the University of York in the UK. Titled “Sense of Science”, this is a first collaboration between scientists from the Center for Novel Agricultural Products (CNAP) at the University of York and a group of four artists from different artistic disciplines.

The artists will generate new works through collaboration with CNAP researchers and their experiences in a laboratory environment. Exploring themes ranging from the use and understanding of science to perceptions about science and scientists, the artists’ work will engage with scientific ideas and help to make them accessible to a wider audience.

Professor Dianna Bowles, CNAP’s Director commented that the project would provide CNAP with “new ways of explaining science to different audiences.”

Parkinson’s research gets more funding
Scientists at Aston University in Birmingham have been awarded a substantial research grant worth over half a million pounds that could lead to new treatments for human motor disorders, including Parkinson's disease.

Dr Ian Stanford, who is a lecturer in the School of Health & Life Sciences, will lead the project which will run for the next five years.

The research will explore a relatively unknown area of the brain called the basal ganglia (BG). The BG are of a set of six interconnected nuclei, which control voluntary movement, cognition in the form of learned motor tasks, and motivated behaviour.

It is hoped that the research will lead to new treatments that are less dependant on drugs or surgery.

EU adopts GMO identification system
The European Commission has adopted a system to ensure that GMOs contained in food and feed products can be precisely identified.

Each GMO that has been approved for use in the EU will be given a different code composed of letters and digits, a so-called "unique identifier". Unique identifier codes will be required to accompany any products containing a GMO through every stage of production and distribution.

Operators will have to list the codes for individual GMOs, in accompanying documentation, that have been used to constitute the original raw material for products intended for food, feed or processing. This will allow products containing these GMOs to be accurately traced and labelled when they arrive in the marketplace.

The proposal is intended to make it easier for consumers to spot GMOs and decide whether or not to eat them.

This follows on from new EU laws tightening up the labelling and traceability of GMOs in the food chain.

Germany funds Kenya’s economic reconstruction
Kenya is to receive 50 million Euros (US $61.7 million) to promote agriculture, water and the health sector from the German government following an agreement signed on Tuesday by Chancellor Gerhard Schroeder and President Mwai Kibaki in the capital, Nairobi.

This is Germany's first major financial support to Kenya since bilateral relations between the two countries declined in 1992, after Germany cited deficiencies in good governance on the part of the Kenyan authorities.

Schroeder hailed Kenya's political and economic reform efforts, and pledged his government's support to the country's ongoing economic reconstruction. " We welcome the important step taken by the Kenyan government in the field of primary education and the fight against corruption," Schroeder said.

He also recognised recent efforts by the Kenyan government to promote regional peace, notably in Somalia and Sudan as well as fighting international terrorism.

The funds will be disbursed in the form of technical cooperation grants and low-interest loans over the next two years.

UK economy running ahead of eurozone
The Organisation for Economic Cooperation and Development (OECD), has released results of a recent UK economic survey announcing good news for the UK economy.

According to the report, the UK economy has proved remarkably resilient during the recent downswing with output falling only a little below potential. At the same time, inflation has remained close to the target and the unemployment rate is among the lowest in the OECD.

It also states that the economy has been gaining considerable momentum,well ahead of the euro area ,and that this strong performance is underpinned by wide-ranging structural reforms and sound macroeconomic policy frameworks.

As well, the government budget balance was in substantial surplus at the peak of the review cycle and this has enabled fiscal policy to be strongly supportive of growth during the downswing.

In the context of this impressive macroeconomic performance, the UK’s decision to hold off a referendum on entry into the European monetary seems logical.

As part of the report, the OECD states, “All in all, the United Kingdom seems well placed to take advantage of the global recovery and move towards a more broadly based growth that relies less on consumption and housing wealth.”