Innovations in Technology

Write 5 pages with APA style on Innovations in Technology. Further, governments support innovations and technological developments in their nations through subsidizing programs that support these developments (Deutch 2005). &nbsp.&nbsp.

&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp. The governments have acknowledged that innovation is the process through which they can effectively achieve technical change. The governments are actively involved in the initial step of innovation, which is creating technology in their countries. This is often accomplished by supporting the discovery of new technologies and sciences. As earlier mentioned, governments, together with the private sector and other foundations’ help, sponsor and fund the discovery activities (Deutch 2005). The research and development activities are performed in industries, hospitals, universities, as well as laboratories.

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&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp. Governments also help to deploy discoveries of science and technology in business enterprises or society. Governments encounter challenges in technological changes when deploying new technological innovations because of the uncertain investment decisions involved, the changes involved in the production process with the personnel and customizing these new products or services to meet the customers’ needs and demands of the customers (Deutch 2005). &nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.

&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp. The governments are greatly concerned with the energy sector and its policies across the globe. The governments’ involvement in energy policies is because energy is a very significant aspect of the economy. The availability, pricing, and efficiency of energy in all countries affect the economy’s performance. Also, energy use significantly affects the environment, more specifically, global climate change, which must be addressed by the governments. In certain governments, such as the United States, the reliance on imported oil and progressively more gas have essential security implications for its partners (Deutch 2005). &nbsp.

&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp.&nbsp. Most of the global energy policies for various governments shift from nuclear-dominated power to renewable energy because of their capacity to be environmentally sustainable. Options in energy policy are defined by the energy’s security, the reduced costs, and alternatives that aim to promote a sustainable environment across the globe. This renewable energy policy options can be achieved by governments reducing their dependence on nuclear powering their medium and long-term policy plans (Maeda 2012).

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