NANOTECHNOLOGY SEGMENT OF THE GLOBAL MARKET: THE ASIAN MODEL

Keywords: nanotechnology, innovation, nanotechnology market, globalization, world economy

Abstract

The article examines the current issues of leadership of countries in the field of nanotechnology, and it is proved that during the last two decades, nanotechnology has become a key factor in the world economy, defining a qualitatively new economic system. This system is based on deep interactions between the participants of innovation processes. It has been updated that more than sixty countries are actively implementing state support programs for national nanotechnology industries due to the increase in the amount of state investments in this sector. It is proved that the Asian model of the development of the nanotechnology segment of the global market has its own specific features, which is implemented in Japan using a horizontal system of management of scientific and technological activities in this area based on the convergent unification into one thematic direction of isolated scientific developments of an informational, medical and biological profile . Japan's key competitive advantages in the field of state stimulation of the nanotechnology sector derive today from its focus on supporting fundamental and applied research in the field of neodymium magnets, lithium-ion batteries, blue LEDs, photocatalysts and carbon fibers. Taking into account the past global dominance of Japan in the electronic industry, this country still has all the prerequisites for increasing its competitive influence on the nanotechnology segment of the global market. The experience of China is analyzed and it is proven that in recent decades it has been actively moving forward along the global nanotechnological trajectory due primarily to the high level of financing of this sector, the growing reserve of scientific talents and diversified channels of international scientific and technological cooperation. Modern state support for the development of nanotechnological sectors today focuses on increasing the competitiveness of developed nanotechnologies through their large-scale legislative and regulatory support. In general, the financing of the nanotechnological sectors of national economies is carried out mainly on the basis of their direct state financing, the value volumes of which, as of now, have not yet reached their maximum values.

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Published
2023-11-28
How to Cite
Nikitin, D. (2023). NANOTECHNOLOGY SEGMENT OF THE GLOBAL MARKET: THE ASIAN MODEL. Economy and Society, (57). https://doi.org/10.32782/2524-0072/2023-57-62
Section
INTERNATIONAL ECONOMIC RELATIONS