Why doesn business invest more in the knowledge emanating from Scotlands universities?
It is well known that the research and development activities of Scottish business are not substantial, to say the least. In the OECD (Organisation for Economic Co-operation and Development], we have one of the lowest spends on research and development, which means Scottish companies seem to be less set up and less inclined to take up ideas that come out of universities. Having said that, it is tempting to regard Scottish universities as Scotland’s research base. If Scottish businesses aren’t carrying out research and development, it is expected that universities will, but universities can’t be expected to provide what businesses do not. Universities are not businesses – we can’t fill the gap that businesses really ought to be filling. Why doesn’t Scottish business see the value in investing in education? The Scottish economy has responded in a disappointing way, for instance, to the oil boom. How many Scottish companies have become international on the basis of Scotland’s oil and gas
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