Nanotechnology - Nanotech Regulatory Document Archive - Arizona ...
Nanotechnology - Nanotech Regulatory Document Archive - Arizona ...
Nanotechnology - Nanotech Regulatory Document Archive - Arizona ...
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…have encouraged<br />
public R&D investments<br />
Source: PCAST (2005)<br />
5/13/2008 21<br />
Typical life-cycle of<br />
emerging technology areas<br />
Degree of deployment<br />
potential<br />
Installation period<br />
Diffusion within or<br />
against existing paradigm.<br />
Entrepreneurship and<br />
huge R&D investments<br />
…usually followed by<br />
financial bubbles and<br />
backlash.<br />
Biotech<br />
<strong>Nanotech</strong><br />
Turning<br />
point<br />
ICT<br />
Source: adapted from Perez (2002) Technological revolutions and financial capital<br />
Deployment period<br />
Embedded in most spheres<br />
of society within an existing, or<br />
as a new, paradigm.<br />
Incumbent companies take<br />
over through investments in<br />
production.<br />
Time<br />
148<br />
Could nano really become a next<br />
general purpose technology (GPT)?<br />
“A GPT is a technology that initially has<br />
much scope for improvement and<br />
eventually comes to be widely used, to<br />
have many uses, and to have many and<br />
strong innovation complementarities”<br />
Prominent examples: steam engine,<br />
electricity, microelectronics (ICT)<br />
Source: Helpman (1998), Lipsey et al. (2005) etc.<br />
5/13/2008<br />
Challenges and the<br />
need<br />
for coordinated policies<br />
5/13/2008 24<br />
22
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