How does a government's technology policy impact businesses?How does a government's technology policy impact businesses?
For many businesses, technology is the key to success. This may be because the businesses need technology to help them function as efficiently as possible. It may also be because they create technology and sell it to others. In the latter case, especially, a government's policy on technology can have a huge impact on a business.
When a government sets out to promote technological advances, it can have a huge impact on the private businesses that are involved in a given area of technology. For example, now that governments around the world are pushing for increases in renewable energy, businesses in that area are impacted. Many of them benefit from this new policy as demand for their products grows. However, if the government favors certain companies over others, the unfavored firms can be badly hurt.
There are many countries that try to impose restrictions on technology. This is because some technology can be dangerous, and some technology needs to be regulated to prevent abuse. For example, the FCC places many restrictions on technology. The US government also has restrictions on what technology can be exported. For example, there are laws against exporting computers, computer equipment and machines with computers such as portable gaming systems.