Thursday, 23 February 2017

The embodiment of knowledge: universities as engines of growth

an article by Reinhilde Veugelers (Katholieke Universiteit Leuven, Belgium) published in Oxford Review of Economic Policy Volume 32 Issue 4 (Winter 2016)


As universities open themselves up to the marketplace for knowledge and ideas to a greater degree than in the past, debates over university missions has been common.

How can universities match their third mission, contribution to society, with their main missions of education and curiosity-driven basic research to achieve their full growth potential?

This will require a change in policy attention from targeting university patenting and faculty spin-offs, to taking a broader view on universities’ contribution to economic development, including other pathways, most notably collaborative modes and mobility of trained human capital from academe to industry.

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