Diffusion of Nanotechnology and the External Environment

Abstract

The interdisciplinary nature of nanotechnology is a given, i.e., the principles of this technology finds its application in a variety of different sectors. Hence, its success in terms of enabling economic growth is largely dependent as to whether such collaboration at the research and development stages is promoted effectively. In fact, the celebrated multiplier effect of this technology requires collaboration without which the impact of nanotechnology would stand as irrelevant to the economic environment it is brought in.