Holy snapping turtles Batman, that sure is grim news there S3Ute. I can only say it is moronic that Australia is close to the lowest rate per capita of R & D than other OECD countries already. So the government's response is to lower it even more! Now that is really smart thinking!
All except in one realm of Medical research that is getting a rise of R & D funding - probably the beneficiary of cuts to lots of other research.
AUSTRALIAN RESEARCH IN GLOBAL PERSPECTIVE
Australia currently invests 2.2% of GDP in research and innovation from both private and public sources, the equivalent of about $900 per person per year. This is well behind regional competitors Korea and Japan, behind the United States, and even further behind world leaders such as Israel, Finland and Sweden.
Australian investment in research and innovation ranks only 13th among OECD member countries, significantly below the OECD average.
Worst of all, our public sector investment has been on the decline in recent years; the Chief Scientist has recently warned it may go as low as 2% in the coming year, one of the lowest national values in the OECD.
Sourced on 15th of May 2014 from http://greens.org.au/science-research
Australia's leading scientist in 2012, Alan G. Pettigrew stated that Australia's rate of R & D ..." is significantly less than that of smaller Scandinavian countries. Spending on R&D in the Australian higher education sector is just over half the rates of Sweden and Denmark."
Pettigrew concluded that ...
The data indicate that some nations with less than half the
population of Australia, particularly in Scandinavia, achieve
significant impact in their R&D through a number of
different avenues. They have higher rates of R&D spending
overall and in higher education; greater employment of
researchers in business, manufacturing and services; higher
levels of collaboration in R&D; and they attract more foreign
investment to support their R&D activity (p.4).
Accessed 15th of May 2014 from http://www.chiefscientist.gov.au/wp-...-web-FINAL.pdf
Kind Regards
Lionel


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