Monday, April 25, 2005
Australia's lack of interest in R&D
An interesting op-ed from George Fink, director of the Mental Health Research Institute of Victoria, former vice-president (research) of an Israel-US biotech corporation, and former director of the MRC Brain Metabolism Unit in Edinburgh:
'although Australia has improved its public expenditure on research and development compared with other nations, Australian business is falling behind in its investment in innovation....
So why is Australia missing out on the bountiful investment that has triggered the economic equivalent of a self-sustaining nuclear fusion generator in nearby Asia?
The answer lies in our complacency and lack of interest in R&D: our lack of vision; our irrational fear of novelty, entrepreneurship, migrants and tall poppies; and our all-consuming passion to continue to play enjoyable but unproductive games in the sand.
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