3D Printing to Boost Economic Growth-UN

United States and Japan are the two countries who are widely known for leading global innovations when it comes to 3D printing industry, with China as an aspiring candidate. This information came from United Nations in an event hosted to urge additional investment to boost the world’s economic growth.

According to World Intellectual Property Organization (WIPO) Director Francis Gurry, what the people need is to reinforce the environments that give rise to the breakthrough technologies of tomorrow. In support to this, a report that tackles about the significance of vanguard development on economic growth has been done and it showed that mostly all patents within the cutting-edge areas of 3D printing, robotics and nanotechnology were being controlled by a handful of countries.

The UN agency also stressed out that inventions like airplanes, antibiotics and semiconductors had been the game changer in the past. This had been the start of the rise of long-lasting expansions in economic output, and now 3D printing will be the part two of this spectacular glory.

UN has made predictions 3D printing has the power to transform our lives in coming decades as dramatically as the Internet did before it as it has the ability to create almost
anything, from guns to cars to prosthetics and any works of art, all seems possible.

There is a same scenario when it comes to the field of robotics. 3D printing is widely used in replacing humans in dangerous environments or manufacturing processes, or
to make prosthetics and also in the world of nanotechnology where the systems and objects on atomic and molecular scale are being created.

In a WIPO report, there are only six countries that have filed more than 75 percent of all patents in these three areas since 1995. They are Japan, the United States, Germany,
France, Britain and South Korea. China is catching up though.

Based on the story UN says investment into 3D printing will aid economic growth by Technology