Government’s Role in Research and Development
- Author Abdullah Aziz
- Published April 14, 2015
- Word count 508
Allotting funds for the research and development of one’s country is important. According to experts, it serves as the backbone of the national competency and it will mold the economy to be a knowledge-driven economy. Aside from that, investing to R & D helps develop new product that leads to economic growth, increase employment records, and improvement of the national welfare.
At some point, different institutions and firms cannot make use most of the benefits of innovation which results to underinvestment in R&D. Research institutes such as in GIS center, Research centers in Saudi Arabia, Us and Australia, GISTIC and other institutions needs a tool to encourage investments that would later support innovation to education, law, technology and immigration.
These past decades, different government and private sectors around the globe, spent much for the research and development. Why?
• It develops new principles and theories that further explain the natural world
• It is the responsible in the modernization of the economy.
• The knowledge and information gained from commercial breakthrough broadens the application down the road.
• It provides bridge the gap between human needs and basic research that give the human race good benefits.
This explains why investing in research and development is useful. The government should always support this field. Take for instance, the research and development in the Saudi Arabia, regularly revise and update their intellectual property laws to make sure that an effective and efficient legal framework is in the track that soon encourage innovation and creativity and of course to enforce IP rights. The support from the government and its involvement is really a must in every research whether it is an applied, basic or commercial research because in the near future it is the government who would reap the benefits. Thus, the government should take action and be engage to this because fundamental research is the ultimate source of the innovation.
Saudi Arabia one of the rich countries in the Middle East and also one of the fast growing markets in the region, have seen the big potential of investment in the R&D for the past decades of the twenty-first century. It is recently investing for the education, infrastructure sector, modernizing of the streets and finally with the research and development. R&D in the Saudi Arabia is gaining its positive growth, thus giving its government to raise its funds. A number of GIS projects were also funded and supported by the different firms and national organizations of the region.
Last May 2013, Saudi Arabia joined the Patent Cooperation Treaty or PCT. This aims to boost country’s innovation landscape and put us on the track of the global patenting map. Though there are still many things to accomplish, but with the country’s strong will and dedication towards commitment and innovation, it pushes the country in the initiating the efforts in acquiring the knowledge that it need for the coming years.
Wrapping it up, the government together with the research and development and of course with cooperation will significantly make it a success.
Abdullah, working as project manager for GIS Center in Saudi Arabia, for more info visit http://www.gistic.org
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