Aversion to risk by R&D managers may hurt US economic prospects
Monday, March 16, 2020 - 14:50
in Earth & Climate
While concerns loom over an impending recession caused by the spread of COVID-19, policymakers and business leaders have implemented radical strategies, such as slashing interest rates to invigorate the U.S.'s weakened economy. Research and Development (R&D) has long been key in the nation's economic prospects and according to new research from the University of California San Diego, the country's ability to maintain its competitive edge in this area largely depends on managers in R&D being less averse to risk.