What Role, If Any, Should The Government Play In Innovation Policy?

Rothschild Financial Consulting (RFC) Forums Forum What Role, If Any, Should The Government Play In Innovation Policy?

This topic contains 0 replies, has 1 voice, and was last updated by  Aaron 7 years, 7 months ago.

Viewing 1 post (of 1 total)
  • Author
    Posts
  • July 11, 2012 at 6:38 pm #227

    Aaron
    Key Master

    Funding basic research is incredibly important. Innovation always has a large degree of chaos and unpredictability in it. In 1950, 55% of all R&D was federally funded. 2012, ~20%. Does this mean that private industry has figured out how to successfully manage R&D without government aid? What about long-term R&D? What about R&D that won’t show returns/results in the lifetimes of investors and stakeholders? Can we rely on the private sector to fund and maintain long-term programs on its own?

    What is the government’s role in generating incentives/demand for long-run innovation in the private sector? Does the government have a role in taking up long-run support if the private sector fails to do so? To what extent?

    Discuss.

    • This reply was modified 7 years, 7 months ago by  Aaron.
    • This reply was modified 7 years, 7 months ago by  Aaron.
    • This reply was modified 7 years, 7 months ago by  Aaron.
Viewing 1 post (of 1 total)

You must be logged in to reply to this topic.