Nanotechnology, as a new type of material, has attracted attention from all walks of life since its inception. Especially in recent years, various circles have invested a lot of money in the development of nanomaterials, and it is not yet known whether they can bring much economic benefits. The purpose of this article is to discuss the far-reaching impact of the development and application of nanomaterials on economic development. After consulting relevant materials, the current status of the development of nanomaterials at home and abroad and the application of various nanomaterials and related latest developments are elaborated in detail. Through the use of literature inquiries, online surveys and design questionnaires, a detailed survey and analysis of the current status of nanotechnology applications in medicine and biology, energy development, electronic information industry, and their far-reaching impact on economic development trends. The research results show that at present, my country attaches great importance to the research and development of high materials, especially the development of nano materials. After a detailed investigation, my country's investment in nano-material development funds has been increasing. Last year alone, the funding support and investment increased by 12% compared with previous years. Moreover, the application ratio of nanomaterials in the medical and biological, energy development, and electronic information industries has reached 27%, 55.6%, and 32.5%, and the economic income directly brought by it has reached 70-8.56 billion.

Hossein Bonakdari. Profound Impact of the Development and Application of Nanomaterials on Economic Development. Academic Journal of Energy (2020), Vol. 1, Issue. 4: 1-12. https://doi.org/10.38007/RE.2020.010401.

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