Title :
The misunderstood role of R&D in the global economy: today and in the future
Author :
Brandl, Michael W.
Author_Institution :
McCombs Sch. of Bus., Texas Univ., Austin, TX, USA
Abstract :
Economists have long understood the importance of engineering research and development to economic growth. Business leaders, policy makers, and the media often do not. The recent debate over "outsourcing* is just the latest example. This paper examines the relationship between R&D and economic growth and explain how this relationship is often misrepresented by various sources.
Keywords :
commerce; macroeconomics; outsourcing; research and development; global economy; outsourcing; policy makers; research and development; Economics; Finance; Impedance; Investments; Labor resources; Outsourcing; Production facilities; Productivity; Research and development; Steady-state;
Conference_Titel :
Engineering Management Conference, 2004 IEEE/UT
Print_ISBN :
0-7803-8849-6
DOI :
10.1109/UTEMC.2004.1633392
