Monday, September 02, 2019

JUMP-START - Public R&D Investment

"Can an infusion of public R&D investment revitalize a lagging economy?" PBS NewsHour 8/29/2019

Excerpt

SUMMARY:  The U.S. government spends about 0.7 percent of GDP on scientific research and development, down from 2 percent in the 1960s.  Less investment means fewer chances for breakthroughs like the weapon-seeking robots that saved thousands of soldiers in Iraq and Afghanistan -- and created a new consumer products category.  Economics correspondent Paul Solman reports on an effort to jump-start public R&D.



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