Ethical and social implications of nanotechnology

The projected impact of nanotechnology has been touted as a second industrial revolution—not the third, fourth, or fifth, because despite similar predictions for technologies such as computers and robotics, nothing has yet eclipsed the first. In the United States and in many other countries, numerous partnerships among industry, university, and government have been created to facilitate the research, development, and commercialization of nanotechnology advances. Such a collaboration is expected to bring about next generation of nanotechnology based products and new markets with a promise of job creation and economic development. According to the National Science Foundation (NSF), products incorporating nanotechnology will contribute approximately $1 trillion to the global economy by the year 2015. About two million workers will be employed in nanotechnology industries, and three times that many will have supporting jobs. Despite many benefits of nanotechnology there are potential risks and ethical issues ...