6 Challenges Setting a national strategy on knowledge economy (this may mean a shift in priority; everything worked for many years and why change now ) R&D is a major investment commitment and often ROI is not measurable or uncertain, NSF s FY 2011 Budget Request is $7.4 billion Knowledge for knowledge sake (basic research) may not stimulate economic activities Without R&D investment, it is hard to stay competitive (IP) Creating an environment for knowledge transfer within the country (intra governments, vertical and horizontal industries, universities to startups) Nurturing and placing knowledge experts and workers (unrealized human capital) Global competition for knowledge experts and workers Stagnant educational system, lack of reform 6
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