Private companies that support and carry out scientific
research are spending more than governments these days. Do the advantages of
this development outweigh its disadvantages? Explain and give your reasons.
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| Ielts Essay Private R&D |
Nowadays, private
establishments are investing more than government into carrying out exploration
in different fields. This as per some carries several benefits though others
point out at the drawbacks. The questions arises here is whether the positives
of this phenomenon outstrip negatives, or it it otherwise. I will discuss both
these aspects and arrive at a logical conclusion.
Undoubtedly,
private investment into R&D means speedy project initiation. Private
organizations can arrange funds to be injected into such endeavors quickly: they
do not have wait for the essential financial resources, as the these
organizations can immediately spring into action and gather money to finance a
venture, while a government concern
needs to get several clearances and also overcome bureaucratic hurdles, which
can take an invariably long time to arrive at a fruition stage.
Besides this,
private organizations seek productivity and optimum utilization of money and
manpower resources, resulting in efficient deployment of each component. While
each penny is accounted for, the expertise pushed into the projects also strive
to meet deadlines. This is quite unlike government aided projects where due to
job security, there is a lack of accountability among the personnel. This
immensely slows down the flow and execution of any exploration.
Having said that,
the associated failings of privately-funded research and development forces
people to rethink. Many a times, it has been observed that in order to
obliterate competition, businesses are tempted to release research results
prematurely, and that also without validating outcomes and impact. This can
jeopardize public safety, and lead to unwarranted consequences.
In conclusion,
despite certain pitfalls, it is clear the benefits of private involvement in
exploration projects outstrip its drawbacks by miles. Hence, controversies
should be buried and private endeavors and forays should be promoted.
