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ArnoF7 t1_je510x4 wrote

Reply to comment by Level3Kobold in [OC] Research Funding vs Human Development: a country's R&D spending correlates with its societal well-being by latinometrics

Yes it’s complicated. If you are a petro state, or rich in some natural resources. Then you don’t have to spend so much on RD to live a cushy life.

It can also be hard to reap the rewards from RD investment. A lot of high tech industries go through several consolidations and only the very top can remain and control the market. For example semiconductor, aerospace and etc. Being okayish doesn’t bring much in return in too many industries.

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Level3Kobold t1_je52yih wrote

>Being okayish doesn’t bring much in return in too many industries.

I think this is a major factor. There's no prize for second place when it comes to R&D. Especially if you don't have the infrastructure to actually make use of the R you're D'ing.

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ArnoF7 t1_je54egq wrote

I wouldn’t say all industries have no place for the second place, but yeah this is true for a decent many

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