A big part of economic progress comes from fundamental advances in science. With the private sector retreating from fundamental research and the public sector facing cutbacks, the well is decreasing. It’s widely unappreciated just how fundamental the public sector has been for the advancement of fundamental research and, as a consequence, innovation and productivity growth. […]
April 12th, 2017 · Comments Off on The Well Of Wealth Creation Is Drying Up
January 26th, 2010 · Comments Off on China set to be a dominant force in the scientific world by 2020
We have argued before that the Chinese growth is not just based on a cheap currency and imported technology. They are rapidly expanding their own scientific base, and this lays the foundation for future economic growth. A growth that will be far more innovative and add more value.