New technologies are designed to remodel existing markets & industries - and maybe create new niche markets, not necessarily to destroy them. If managed constructively could generate revenue also.

Government and policymakers ought to embrace them early, as against fighting them. Like clockwork, I've seen repeatedly government of developing nations - with a few emerging markets, engage in a futile & defeat-bound battle with new global trends.

This sentimental attachment with the old always resulted to huge loss of revenue and manpower.