How does funding impact the development of nanotechnology?
Funding plays a crucial role in the development of nanotechnology. Wealthier nations and large corporations often have more resources to allocate to R&D, allowing them to make significant strides in the field. Conversely, smaller nations and businesses may struggle to secure the necessary financial support. This disparity in funding can lead to unequal progress and innovation, exacerbating the technology gap between rich and poor regions.