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Research and development (R&D) gives a nation competitive advantage. From Whitney’s cotton gin to microprocessor chips to iPods, history proves this. Apart from corporate R&D centers, the intellectual firepower needed for R&D usually resides at universities. The primary role of universities is to serve society. The benefits of higher education are many, including: improving prospects and earnings for employment; preparing for success in the global economy; productivity; and civic participation.
By Dr. Ashok K. Roy
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