Quote:
Originally Posted by Scucca Good on yer!
Britain suffers from a shortage of scientists and engineers. Our R&D focus on the military sector therefore operates like a "crowding out" effect. Scarce resources are wasted on arms production, with the civilian sector suffering from reduced growth. This negative effect has increased because any "spin-off" gains have been stunted by an increased tendency towards "spin in" (i.e. our military sector provides fewer economic opportunities and spends more of its time finding military use for civilian know-how) |
Is there that much of a shortage though? I thought we where supossed to be a knowledge economy?