Science Is the Key to Growth

Posted on Oct 31, 2012

Science Is the Key to Growth

Expanding the American economy is the central concern of the 2012 presidential race. Yet, the cuts in education and research & development budgets discussed in the race would do the opposite, diminishing investments that will lead to a more prosperous future. Research conducted at universities and national labs underpins the new innovations that drive economic growth–just look at Google, which started as two graduate students on a National Science Foundation grant. Research funding to the National Institutes of Health has paid back for than threefold. Examples like these abound, and boosting US research and development investments to 3 percent of gross domestic product would be a wise choice for the economy.

The op-ed was written by Neal Lane, former chief science and technology adviser to President Bill Clinton, and can be read on the New York Times website.