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• W2337422068 abstract "Despite
 uncertainties
 in
 predicting
 their
 economic
 and
 societal
 impact,
 due
to
their
market
potential,
emerging
technologies
offer
emerging
economies
with
 the
 promise
 of
leapfrog
 platforms
 for
 new
 industries
and
 possibilities
 for
 more
 established
 economies to
 maintain
 their global
 competitiveness.
For
 instance,
 nanotechnology
is
viewed
as
an
enabling
and
potentially
disruptive
technology
that
 is
both
pan-industrial
and convergent,
and
as
one
 that could
 provide
major improvements such
as
inexpensive
sustainable
energy,
environmental
remediation,
 radical
 advances
 in
 medical
 diagnosis
 and
 treatment,
 and
 more
 powerful
 IT
 capabilities.
Access
to
emerging
technologies
in
the global
society
depends
upon
the
 invested
 resources,
 the
local
level
 of
 education
 and
 workforce
 training,
 and
 the
 prevalent
knowledge
infrastructure.
Due
to political
factors,
the local
development
 of
 these
 technologies
necessitates
 both
 nation-specific,
 and
 regional
 and
 global
 strategies. Prediction, uncertainty
and
potential Predictions
 of
 the
 impact of emerging
 technologies,
 other
 than
 for
 near
 market
 applications, involve
 many
 uncertainties (Anton,
 Silberglitt
 et
 al. 2001). Current
 evaluations
 of
 the
 impacts
 of
 nanotechnology
are
 located
 on
 a
 continuum
 extending
 from
 incremental
 progress
 to
 a
 radical
 disjunction
 from
 current
 science
 and
 technology.
 Some
 currently
 envisioned
 applications
 of
 nanotechnology which
 are
 seen
 as
 technically
 feasible
 may
 never
 be
 realized,
 while
 unanticipated
 future
 breakthroughs
may
lead
to
the
rapid
development
of
applications
that
are
currently
 unforeseen.
In
 the
case
of
textiles
 it
is argued
that
 major
breakthroughs
will
 come only
in
the
long
run,
beyond
2015-2020
(Kaounides,
Yu
et
al.
2007).
The
oft-quoted
 figure
 of
 a
 nanotechnology
market
 worth
 $1
 trillion
 obscures discussions
 on
 the
 high
 financial
 risks
 that
 investors
 face
 when
 investing
 in an
 emerging
 technology.
 This
distortion
is
rarely
acknowledged
and
the figure
is
continuously
used
to
justify
 and
rationalize
the
financial potentials
of
nanotechnology (Ebeling
2008). So,
 why
 play
 in
such
 an environment?
 Government
 policies for
 nanotechnology
 more
 often
 resemble
 an
 embrace
 of
 imagination
rather
than
 systematic
 strategic
 decision-making based
 on the
 value
 of
their own
effort,
 competitors' efforts, and
the
environment
in
which
these occur.
The
reason
for
such exuberance
 is
 simple.
 Nanotechnology
 is
 an
 enabling
 and
 potentially
disruptive
 technology
 that
 is
both
pan-industrial
and convergent.
For
 instance,
 although
the
 realization
 of
 the
 full
 potential
 of
 nanomedicine
 may
 be
 years
 or
 decades
 away,
 recent
 advances
 in
 nanotechnology-related
 drug
 delivery,
 diagnosis,
 and
 drug" @default.
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• W2337422068 date "2015-01-01" @default.
• W2337422068 modified "2023-09-24" @default.
• W2337422068 title "Globalization and Emerging Technologies: The Example of Nanotechnology" @default.
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