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Historically, R&D has been an indicator for innovation in any given country. For instance, the UK increased its spending on research and development between the years 1995 2011 to over £27 billion (Muscio, Quaglione and Vallanti, 2013). However, there was a decline in research funding at the onset of economic crisis. Currently, UK government through RCUK (Research Councils UK) has initiated a new initiative known as Newton Fund to strengthen innovation and research (Hicks, 2012). By definition, research refers search for new concepts and knowledge while development is the process of bringing a new process or product from existing theory and knowledge (Chu, 2008). Therefore, this piece of work recommends that government funding for research benefits a society by ensuring that the country has a healthy society, productive economy and contributes to sustainability. The implication is that research and science are the heart of the nations economic growth, wider wellbeing, and prosperity.
The conclusion as to why the government should fund research and development is always open to debate. Private sectors benefit from such initiatives, but they do not channel their benefits to societal well-being (Muscio, Quaglione, and Vallanti, 2013). However, it is the duty of the government to ensure that research and innovation is the core to economic growth. Central to this argument is that research and development has outstanding benefits to the society thus the government is obliged to channel funds to this sector.
One underlying assumption for funding research is that countries use R&D to facilitate new commerce, and the aim is to improve the quality of life (Hicks, 2012). In fact, research should be part of a society’s infrastructure just like roads. As known to many, the government has the sole task of providing infrastructure, and it should take this as a responsibility. The
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Hence it can seem that what is legal is not to be questioned – one system of law is very much like another since humans do understand what is right and what is wrong. In reality laws are questioned, abandoned and changed within societies, when they become obsolete, no longer reflecting the morality of a community, or even when they are part of a secondary set of laws.
Examples of such research funding agencies are the National Institute of Health, National Health Foundation, Department of Health and Human Services, and the Agency for International Development, Corporation for National and Community Service (University of North Carolina, 2011).
The central theme of capitalism is to exploit wage labourers, provide an economy that supports competitive markets and ensure capital growth. In the capitalistic economy, goods and service pricing is determined by parties conducting business transactions and production is directed through the operation of free or mixed markets.
The protestors claim that there is nothing good to be found in doing research off of a life that was not given the chance to even begin, yet others argue that life was not even present when the stem cells were taken. Of course the discussion is centered upon the majority of stem cells being obtained from aborted fetuses and embryos, which for many is not an acceptable action, even in the name of science and research.
Those of us who wish to immerse ourselves in this activity must understand the procedures necessary. The literature that follows addresses many of these issues.
Bishop, M.,& Green,L.(2008). Philanthrocapitalism ( ABC books) uses interviewing to get the information they feel is necessary for their book.
l Institute of Nursing Research) and private funding sources include Sigma Theta Tau International as well as organizations that are related to the field of medicine and healthcare (Loeb 197). National Institute of Nursing Research provides funds for several nursing researches
British government has taken several initiatives to reduce the impact of economic downturn on the employment rate. Development of effective and sustainable policies helped people of UK to capitalize on the potential employment
It frees them from looking for extra hours for a pay. It helps to lessen their workload yet still keep change that will help make ends meets. There is no doubt that employers will not want to increase the salaries of their employees because it will cut into
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