Is the recession affecting research and development ?

@alokn99 (5717)
India
January 11, 2009 7:18am CST
With the recession blues continuing , how much of an effect is this having or likely to have on research and development taken up by institutes and and universities , as a lot of it gets funded by corporates ?
1 person likes this
3 responses
@mimpi1911 (25454)
• India
12 Jan 09
This is a tough time for the world and it would take time to be stable. And coming to those research works, I think, it would be trying times for the universities and private organisations to get sponsors. This could very well make projects stop and defer for unlimited period. Sad but true. We must try to save in our own ways just to facilitate a living worthwhile for ourselves and others. Thanks.
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@alokn99 (5717)
• India
12 Jan 09
These are tough times Mimpi, and most research projects depend on exterrnal corporate funding. With so many corporates going thorugh tough times the belts are being tightened and some of the areas most affected are the R&D ones. Even sponsorship of students seems to be getting hit. Let's hope that these are for a short period of time. Thanks
@alokn99 (5717)
• India
12 Jan 09
We should, R&D forms the backbone of development, health and new cures, technology.. Rapid progression in the areas most sought get affected, especially health care..
@mimpi1911 (25454)
• India
12 Jan 09
Health care if one field which must and should get going, no matter what. But how that's the big question!
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@James72 (26832)
• Australia
11 Jan 09
Unfortunately the domino effect all of this doom and gloom has caused will ensure that the areas that least deserve the dramas WILL get hit as well. It is a sad reality because Government funding for research and development in many countries is nowhere near as high as it should be. Corporations and donations contribute significantly to the longevity of Institutes and Universities when it comes to research; and when you have both consumers AND the corporate world digging their heels in, many Institutions will find themselves cutting budgets in return. Research and Development will more than likely be one of the first areas to be culled as Boards will wish to divert funds towards what consider to be more stable areas. Mainly areas that actually have a chance to generate revenues, such as recruiting more fee paying students. Hopefully there will be a turn around before these Institutions really get hit too hard, but so far verticals from the film industry to manufacturing are suffering so it is only a matter of time before R & D arms follow suit. It is difficult for people to think of tomorrow when they are struggling to deal with today! R & D will be viewed as a future strategy that can wait I feel. Sad but true.
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@alokn99 (5717)
• India
12 Jan 09
Thanks for sharing your views here James. We can only hope that this recession does not continue too long for amongst the other slowdowns and affects it has as a whole there will be drastic slowdown in R & D as well. How much this impacts future development, time will tell.
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@James72 (26832)
• Australia
2 Feb 09
Thanks for the BR Alok! One of the most frustrating challenges I am having on a day-to-day basis at the moment is having to deal with people all around me complaining about how tough 2009 is going to be! COME ON people!!!! I wish that more of us would mentally buck these thoughts because it is only contributing further to this downturn's longevity.
@riyasam (16578)
• India
11 Jan 09
with the economic recession affecting every sector of life like workers being laid off and the share market being down etc,it would come as no surprise if the research and development is affected.but there seems to be consiberable progression(i read in some reports.heres a link;http://www.tmcnet.com/usubmit/-progression-despite-recession-handful-new-river-valley-high-/2009/01/11/
@alokn99 (5717)
• India
12 Jan 09
There will be some sectors who will continue in research and development, but most will see a slowdown. Thanks for the link.