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How Do Public Institutions Contribute to the Trajectory of Progress?
from Section 2 - The Financial Determinants of Discovery
Published online by Cambridge University Press: 06 April 2023
Chapter 9 is about how public institutions contribute to the trajectory of progress. The most common methods for public involvement are through creating institutions (universities, research facilities, etc.) and through distributing grants. There are any number of combinations by which governments and public institutions can give out grants, with each country having their own unique variation. These mechanisms are crucial in determining the rate and direction of progress. By supporting certain research areas, we commit to making progress in one area while potentially reducing it in others. The chapter is also concerned with how public funding differs from private funding, how important public funding is in steering the direction of research towards areas directly relevant to the common person, and how public funding has become more commercialized.
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