Technocrats frequently pressure the US gov't to increase R&D as a strategy to upstage China. The assumption is that public R&D leads to innovation and economic growth because research generates the science that spurs innovation. The formula is mistaken.
Technocrats frequently pressure the US gov't to increase R&D as a strategy to upstage China. The assumption is that public R&D leads to innovation and economic growth because research generates the science that spurs innovation. The formula is mistaken.
COUNTERMARKETS.COM
Technology Is Meaningless Without Entrepreneurship - Counter Markets
Innovation is driven by market demands, so they are created by entrepreneurs or workers in the private sector responding to consumer demands.
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