How are nanotechnology and nanotechnology using solar panels/tfPVs (Both) good and bad for the economy (GDP, jobs, reputation, etc.) and in general (health, jobs, people's lives, efficiency of tfPVs and normal solar panels, etc.)?

Expert Answers

An illustration of the letter 'A' in a speech bubbles

Nanotechnology and nanotechnology using solar panels/tfPVs can have a good impact, in terms of the advances they can make, and a bad impact, in terms of job loss and potential health hazards.

From a technological standpoint, nanotechnology can help make parts of the economy efficient and robust. For the textile industry, nanotechnology has led to tougher fabrics and smaller production costs. In the oil sector, nanotechnology has created strong, long-lasting tubes. In medicine, nanotechnology can bring about breakthrough drug treatments, which might be profitable for the drug companies employing nanotechnology.

In relation to jobs, nanotechnology might have an adverse impact because nanotechnology could lead to further automation, which means technology would be replacing workers. People working within the nanotechnology industry might be exposed to hazardous materials. The relative lack of knowledge about the risks of nanomaterials means that nanotechnology using solar panels/tfPVs could have a paradoxical impact. On the one hand, such nanotechnology helps conserve energy and minimize pollution. On the other hand, nanotechnology is possibly quite toxic in itself.

Approved by eNotes Editorial Team