UA Joins Campaign to 'Close Innovation Deficit'
The University of Arkansas has joined a national campaign urging President Obama and Congress to increase federal investment in research and higher education.
The campaign has received support from leaders of more than 200 of the country's top schools as well as business and science leaders. It calls for increased research spending to address what is perceived as a growing "innovation gap" between the U.S. and other countries.
A sample from the UA Newswire:
The innovation deficit is considered to be the widening gap between actual and needed federal investments in research and higher education at a time when other nations such as China, India, and Singapore are dramatically boosting research funding to develop the next technological and medical breakthroughs.
Over the last 10 years, research and development expenditures as a share of economic output have remained nearly constant in the United States, but have increased by nearly 50 percent in South Korea and nearly 90 percent in China, according to figures from the National Science Foundation.