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RESEARCH AND DEVELOPMENT IN AUSTRALIA: THE ROLE OF MULTINATIONAL CORPORATIONS
Abstract
Limited expenditure on R & D has received inadequate attention as an explanation of Australia's poor economic performance. This paper compares the level and composition of R & D expenditure in Australia with those of other countries. Some reasons for Australia's low level of R & D are explored and the policy implications of the analysis are investigated.
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NOTES AND REFERENCES
At the beginning of the twentieth century Australia was one of the most socially and industrially advanced countries in the world. But, as Gruen has observed: “Australia's growth performance has been inadequate for a very long time — at least since World War I.” F. H. Gruen, ‘How bad is Australia's economic performance and why?”, Economic Record, 62, 1986, p. 192.
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