Time For A Return Of Large Corporation Research Labs?
by Timothy Taylor, Conversable Economist
It often takes a number of intermediate steps to move from a scientific discovery to a consumer product. A few decades ago, many larger and even mid-sized corporations spent a lot of money on research and development laboratories, which focused on all of these steps.
Source: http://econintersect.com/pages/opinion/opinion.php?post=201905250023
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