Earlier this week, the Financial Times published "Nanotechnology: Plans for the next stage in humanity’s development". The title is somewhat misleading, since what it examines is the Russian government’s plans to develop nanotechnology into a "a locomotive for creating an innovation economy in the country as a whole" after the oil that has fueled it’s growth up to now runs out. While the first half of the article looks briefly at Russia’s past involvement in developing nanotechnology, the second half focuses on Rusnano, the state corporation that’s been set up and "charged with stimulating development, creating and strengthening infrastructure and realizing projects in nanotechnology and the nanoindustry."
You have to wonder which other commodity based economies will follow the Russian lead.
Oh, and if anyone is wondering about this entry’s title, take a look here.