Inderscience Publishers

Nanotechnology: a successive industrial revolution of Schumpeter's long wave theory

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This paper is concerned with the strategies on research management and technology policies of nanotechnology. Nanotechnology is now a science and technology (S&T) priority area for many Asian countries with governments making efforts to put the results of nanotechnology development to commercialisation. The national policy for nanotechnology is to change the existing technology system and bring about an industrial revolution (the nanorevolution). Under the pressure of competition, the key to success lies in how each country can find the right application on which to focus in order to survive through international competition. This paper reviews nanotechnology research activities in some Asian countries exhibiting an enthusiastic approach in undertaking nanotechnology initiatives – Thailand, Malaysia, Singapore, China, South Korea, Taiwan, and Japan. The paper finally recommends policy implications to encourage national innovativeness and effective commercialisation.

Keywords: nanotechnology, paradigm shift, revolutionary, research management, commercialisation, technology policy, strategies, nanorevolution, Thailand, Malaysia, Singapore, China, South Korea, Taiwan, Japan, national innovation

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