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|Photo: Times Higher Education|
The UK’s innovation system is a “little bit broken” and universities will play a crucial role in fixing it.
|Photo: Professor Richard Jones|
Professor Jones said that the country was in the middle of an “unprecedented slowdown in productivity growth” that has “stopped dead” since 2008.
“Poor productivity growth is a cross-sector problem of what economists call ‘total factor productivity,’” he said. “In the broadest sense this means innovation.”
He said that it was up to universities, as one of the “strongest bits of the innovation system”, to do their best to held “rebuild this”.
“We ought to be proud of our university system, and there is an appreciation [in government] of what we’ve done to maintain this internationally competitive research system we have,” he said.
“[However], we shouldn’t be asking what the government can do for us, we should be saying, aggressively, what can we do for government to contribute to national priorities and in particular restoring productivity growth?”
Source: Times Higher Education