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The European Union ( Eu ) Essay

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The European Union (EU) has been proactive in establishing environmental, health and safety regulations and fostering industrial exploitation of R&D on nanotechnology by bringing together stakeholders to discuss best practices for commercialization, the societal, political and psychological barriers to entrepreneurship in Europe and license arrangements between industry and R&D organizations. Several European-wide initiative have been discussed a collaborative effort to promote the R&D nanotechnology for security purposes. In 2008, eleven EU member states invested €15.5 million for emerging defensive technologies, including nanotechnologies. However, the EU’s nanotechnology R&D focuses on the growth of a diversified nanotechnology market in Europe and promotes innovations critical for both economic growth and regional defense and stability. However, German government officials emphasize the importance of international regulatory regime over domestic governance strategies to address the potential issues of nano-security. Germany does not fund the nanotechnology R&D for military applications, even for defensive purposes. In contrast to Germany, the United Kingdom has a strong sense of international security responsibility. It has been funding in military nanotechnology R&D for security, allocating approximately £1.5 million annually. In Sweden, government authorities in charge with science policy are investing €11M over five years in nanotechnology activities. Funds

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