Review of Nanotechnology and its integration to regional economics.There are multiple researches, which have been conducted regarding the use of nanotechnology as a technology that helps to improve the economy of different states in America.

Review of Nanotechnology and its integration to regional economics

An article written by Chavez, Jon explains how technology may be utilized to get millions. Arunan Nadarajah a provisional assistant dean for inquiry at the UT’s college of engineering explained that one could established a minor enterprise in a garage that develops a biomedical device by the use of nanotechnology despite starting small, an investor may end up making millions of money.
The paper addresses how to improve the economy using simpler and easier ways for example nanotechnology. Nanotechnology applies to lighter and durable auto parts in accordance with the UT College researchers. In addition, Mr. Azard a scholar is examining for methods to intergrate ceramic fibers with materials like carbon in order to come up with a much stronger and lighter materials for army use.
Nanotechnology
There are multiple researches, which have been conducted regarding the use of nanotechnology as a technology that helps to improve the economy of different states in America. Both qualitative and quantitative methods have been extensively used to acquire this information. A recent study conducted by the University of California gathered information from various companies in America regarding the effectiveness of this technology. Interviews, questionnaires and target groups were among the various methods used to collect the information (Bergeson, 2010).
The author identifies how nanotechnology is involved in building specific materials portion by portion. This enable a company to eliminate defects and improve the material’s performance nearly ten times more in certain cases, and offer products the properties that they never had.
The writer explains that the technology offers the vision for better products and enabling them to be lighter, thicker, waterproof, or other anticipated quality while also for enormously enhanced production (Nasir, Friedman, & Wang, 2013).
Some researchers predict that within the next few year’s nanotechnology might help reconstruct regional economies or modify the people’s lifestyle. For instance, nanotechnology could enhance low-cost manufacturing and easy repetition of designs, thus giving chance to the poor countries to engage in mass production. The article provides an example of Michigan City, which is driven by auto manufacturing industry, university exploration and economic progress efforts.
The article also reveals how several industries in Ohio employ nanotechnology to improve their economy. The use of advance autos vehicles, electronics, aerospace, biomedical and construction materials, are contributing to the success of nanotechnology. Research provides that in recent year’s nanotechnology have been embraced in the northwest Ohio.
Application of Nanotechnology
The author extensively identifies the uses of nanotechnology. It is commonly used to make cylinder formed carbon nanotubes. Millions of tubes are formed in an orderly manner that resembles a bundled straw. Nanotechnology is used to for materials used for aerospace, locomotive and electronic industries. There are also Nano fibers, which are used for making clothing that are resistant to food stains/marks and tennis rackets that are lighter and stronger.
The article further discuss the impact of these technology and industries to the regional economy. The technology provided more than 20000 jobs by 2010. 5000 were new jobs, and the other 15000 were upgraded jobs. The state funds have already been put to research that is used to deliver products now and could result to the development of new ones within the next three years (Prasad, 2008).
Conclusion
The author concludes that the nanotechnology is a new technology that has begun recently. A revolutionary science is expected to change everything we knew before. The future that people have been watching in movies is expected to be real. The technology creates many job opportunities that help to improve the regional economy.
The article was easily to read and understand the main topics that the author addresses. The article explains the new form of technology and how it will be used to change the world. The article was also interesting to read, and the points were clearly stated.
References
Bergeson, L. L. (2010). Nanotechnology: Environmental law, policy, and business considerations. Chicago, Ill: ABA Pub./American Bar Association.
Hull, M., & Bowman, D. (2014). Nanotechnology Environmental Health and Safety: Risks, Regulation, and Management. Burlington: Elsevier Science.
International Symposium on Nanotechnology in Construction, & Bittnar, Z. (2009).Nanotechnology in construction 3: Proceedings of the NICOM3. Berlin: Springer.
Nasir, A., Friedman, A., & Wang, S. Q. (2013). Nanotechnology in dermatology. New York, NY: Springer.
Prasad, S. K. (2008). Advanced nanotechnology. New Delhi: Discovery Pub. House.
Jon. C Regional economy: 5th October 2014, retrieved from: http://search.proquest.com.ezproxy.apollolibrary.com/docview/462249956?pq-origsite=summon

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