Prior to this assignment, there was only vague understanding (on behalf of this writer) of Nanotechnology, and because it sounded technical the interest were limited to non-existence. However, as this research progressed for this job there was more fascination with the topic matter and the information available regarding the subject. Using numerous sources we have been able to provide understanding of many Nanostructures, the economic consideration as well as how they apply to our society today. The psychological and sociological considerations will also be reviewed to determine the benefits offered by this budding technology on our entire country.
For over 15 years, nanotechnology has been an existing disturbing or radical technology, with the ability to alter our economy and humanity completely. It has also been branded as a universal purpose technology, with wide-ranging probability for application across the most varied sectors of the economy. There the has been several developments to help manufacture large items with the human touch, using assembly lines, and with some robotic assistance we have manufactured much smaller items also. According to the super micro-scale devices being created this, technology has helped us to build products with atomic precision, and this has contributed enormously to the technological growth we have seen in the past few decades.
Nanostructure and the Economical Consideration the federal government is a huge supporter of basic research in the country. It estimates that federal research & development spending accounts for about 61 percent of the total investment. Industry accounts for another 16 percent. The report points to state governments and nonprofit institutions for a balance of funding. To continue our successes so we can continue as leaders in science and technology, President G.W. Bush introduced the American Competitiveness Initiative (white house.gov). According to the American Competitiveness Initiative, the United States was committed to over $5 billion in FY 2007 and with increase investments in research and development, strengthen education, and encourage entrepreneurship. Over a 10 years period, according to (Whitehouse.gov) this Initiative agreed to contribute per $50 billion in increased capital for investigation and $86 billion for to investigation and expand tax incentives. Growth in this business has been perilous for keeping this countries economy resilient by creating tools for developing this technology . In 2007, the budget requested $137 billion (whitehouse.gov) to go to research and development; with this increase of more than 50 percent over. Much of the increased in our nation’s funds go towards biomedical study; the goal is to develop security technologies to allow improved health for people and boosting our national security
One of the challenges to our nation’s security to define a long-term vision for nanotechnology development, it is especially significant because of...