I am not the first person asking this question. And you are not the first one to whom I will ask this question. I’ve asked this question even to Nobel laureates (while I was at Lindau) including Sir Harold Kroto and Jean-Marie Lehn but they did not give me a satisfactory answer. I’ve even asked Dr. Evan Harris who said he will email me a reply (which he hasn’t yet).
So here’s the question:
Why is the research funding for science in most countries less than 1% of the GDP?
I can try and make a case for how much scientific research contributes to the GDP but it won’t be as beautiful as Brian Cox’s plea for science funding (which is in fact a TED talk).
In my attempts to try and find an answer to this question, I have come to understand the following:
- An obvious point: Publicly-funded research is mainly towards development of basic science with an aim of publishing in peer-reviewed journals.
- Surprising fact: More application oriented (profit making) research is carried out in the industries (up to 80% in OECD countries but much lesser share in the developing countries).
- Controversial: Some make a case that privately-funded research is more efficient than publicly-funded research. I think that may be the case only in very corrupt countries.
If it is true that such a large chunk of research happens in the industry, it makes me wonder how many secrets are being harbored by the industry and how much good they could do for humanity. But may be that needs to be balanced with the need to keep earning money through licensing patents and selling products to keep innovating.
Leaving the industry aside for the time being, even government funded science amounts to such meager expenses to the state as compared to the impact it has on the economy that today Vince Cable, the Secretary of State for Business, Innovation and Skills, announced that there will be major cuts in science funding. Some guess that the cuts could be as high has 25%.
I fail to understand why. Can someone help me answer this simple question?
Why is the research funding for science in most countries less than 1% of the GDP?
Bonus question: Even if that is the case, why is the government trying to cut that spending?





