The Innovation Imperative

The Innovation Imperative

National Innovation Strategies in the Global Economy

Edited by Göran Marklund, Nicholas S. Vonortas and Charles W. Wessner

As a result of globalization, strategies for investments in innovation capabilities have gained considerably in importance for businesses, research institutions and policymakers. Public policy has to provide conditions for investments in R & D and innovation that are internationally attractive and effective in stimulating innovation, economic growth and job-creation. This book focuses on the changing roles and challenges of innovation and growth policy, and the strategies and measures that are critical in a globalizing world. It provides guidance for innovation policy strategy formulations and design of innovation policy measures.

Chapter 9: Globalization of Converging Nanotechnologies

Evan S. Michelson

Subjects: economics and finance, economics of innovation, innovation and technology, economics of innovation, innovation policy


Evan S. Michelson 9.1 INTRODUCTION: CONVERGENCE AT THE NANOSCALE1 While the hybridization of contemporary science and technology (S&T) innovation is occurring on a global level and is becoming evident across a range of industrial sectors, one of the best examples of this trend is in the nascent field of nanotechnology – the ability to see and manipulate matter at the nanoscale. Though the current, formative stage of nanotechnology research and development (R&D) has been compared to that of the computer industry of the 1960s or the biotechnology industry of the 1980s, the very fact that these technological advancements emerged beforehand has moved nanotechnology along a path that is more closely connected with such branches of technology. Because of its close relationship to multiple disciplines, a number of S&T forecasts have begun to identify nanotechnology as the leading edge of a new worldwide trend – termed converging technologies – that is meant to indicate the growing interaction and blurring of the lines between nanotechnology, biotechnology, information technology (IT) and neuroscience. The concept underlying converging technologies at the nanoscale is that as these and other scientific disciplines and their associated technologies have begun to emerge, progress and mature over the past few years, there has been an increasing tendency for such strands of thinking to intersect with and cross-pollinate one another, thereby creating the potential for great improvement in the quality of the human life around the world. However, the impacts of this new technological fusion are not simply limited to...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information