UK must compete

January 2, 2004

Alan Ryan claims (Opinion, THES , December 19/26) that "it is not economically essential to compete with the US at a blue-skies level [since] Japan's growth rate was a compound 7 per cent per annum when its advantage lay in using other people's pure research in manufacturing and electronics". We need to recognise that every pound invested in blue-skies research in the UK comes back with a compound rate of interest that is a lot greater than 7 per cent.

We forget this at our peril, as Japan subsequently learnt.

Douglas Kell
Manchester

You've reached your article limit.

Register to continue

Registration is free and only takes a moment. Once registered you can read a total of 3 articles each month, plus:

  • Sign up for the editor's highlights
  • Receive World University Rankings news first
  • Get job alerts, shortlist jobs and save job searches
  • Participate in reader discussions and post comments
Register

Have your say

Log in or register to post comments