PHI 2394 Lecture Notes - Lecture 14: John Stuart Mill, Human Capital Flight, Stem Cell
4 May 2016
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Gov doesn"t play as big role in funding as much as they used to, more private sector. R&d done in: government, private sector business, universities. Money comes from gov or private sector, mostly private sector (to do with economic reasons, economic beliefs that gov should stay out of business) Gov has to justify spending, reasons for investing . 1: sign of modernization, way of producing highly-skilled people, try and keep the highly-skilled people in the country. Brain drain: many used to get education in canada and left to work in usa for money, so gov invested in places to keep them here. One main reason: touted as having economic benefits. There needs to be economic benefit, that"s usually why gov agrees to spend money on something. Ultimate question is who decides where money is spend and what r&d should be funded. If you ask scientists, they will say that they should because they are experts.
