Science research and development plays a vital role in the progress and success of any nation’s economy. Science research innovation journey (from laboratory to market commercialization) is complex but rewarding for any nation.
While nations commit and spend a significant portion of their GDP on science research and development, there is no guarantee that investment in science R&D trend will continue with the change in nation’s governance. This is a risk of great proportions. How can science research and development be ensured completion without any political interference?
•Should political ideology and change in nation’s governance dictate the investment trend in science research and development?
•Should nations R&D institutions be independent and be allowed to work towards directing investments for the research they seem vital?
•Do you see any critical science research impacted by change in governance within your nation?
With an eye on the future, I look forward to a meaningful dialogue to manage critical science R&D risks. Let me know your thoughts.
Jayshree Pandya PhD
Global Risk Advisor
Risks come in many forms at all levels across nations. Appropriate risk response is vital for the survival and success of every nation. This is a time when every nation needs to be on an offensive, prepared to face not only the critical risks and issues threatening their nations, but also the resulting decline in economic development and threat to the nation’s very existence. It is not the crisis or risk itself, but rather the associated damages that follow exerts an enormous toll on not only survival but development and growth for any nation; irrespective of whether said nation is developed or developing.
Nations have witnessed many crises over the years facing their nations, and they have also witnessed misdirected efforts by their nations decision makers to manage such crisis. This raises a very important question. Do the decision makers understand that knowing and talking about risks is one thing and pretending to resolve those risks is another. Risk response that is off target does not bring the expected results one way or another. There seems to be a fundamental disconnect between knowing risks, prioritizing risks, and having targeted risk response strategy. It is important to understand that just as risk prioritization matters, targeted risk response matters even more.
This makes it very important that every nation learn to manage the economic and development impacts of managing risks and crisis. Every nation needs to prepare for the major changes to come. It is time that nations provide a non-partisan disciplined environment for managing critical risks.
•Do you think that there is a serious disconnect between what risks needs to be managed critically and what risks are being managed in your nation?
•Do you think the risk response to your nation’s risks is off target?
With an eye on the future I look forward to a meaningful dialogue to manage critical national risks. Let me know your thoughts.
Jayshree Pandya PhD
Global Risk Advisor
While nations commit and spend a significant portion of their GDP on science research and development, there is no guarantee that the potential commercialization benefits will come to the investing nation. With increasing trend in global and transnational collaboration getting popular how can a nation ensure that its investment in nations R$D is bringing benefits and prosperity to its own nation?
•Do you think science research needs to be addressed as a business and proper safeguards needs to be in place to protect the fruits of it?
•Do you think the steps taken by your nation to protect its knowledge and findings are sufficient and effective?
•Do you think the commercial technologies coming out from publicly funded research be owned by public? Who do you think should control, profit and benefit from publicly funded research?
Let me know your thoughts. Please specify which nation you are addressing.
Jayshree Pandya PhD
Global Risk advisor
