Harsh and I have co-authored a piece on why bottom-up structural reforms rather than continuous monetary stimuli is necessary for the world economy:
It is short-sighted and immature to attribute wholly the issue of farmer suicides to any higher priced GM seeds. Blaming a better seed that increases agricultural productivity for farmer indebtedness is like blaming investment in productivity-enhancing, albeit more expensive, machinery for the financial collapse of a company.
More here.