Nanotechnology And Limitations

There are potential problems associated with nanotechnology which will have to be fully addressed prior to universal acceptance. The time required for ascertaining their suitability for clinical use might therefore be quite substantial, but it appears that the establishment of faster, safe regulatory approval protocols would ameliorate concerns about the length of time it takes for agents to be assessed (14). Ethical, socioeconomic, political and environmental concerns are real, and in addition, there will a requirement for stringent regulations to prevent potential misuse, such as for terrorist activities.

The growing importance of nanotechnology is reflected by the increased U.S. Federal Nanotechnology budget from $270 million in the financial year 2000 to $738 million in financial year 2003.

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