Government Funding For Medical Research In Australia

Around the world, all developing countries have been financing valuable research projects, which are beneficial for their general public and country. Nowadays, states and organizations are focusing and investing more and more in research for the development and better future of their countries and people. Government funding can be described as financial support provided by government to the private and public companies for worthy business and research projects. The recipients of these grants are not liable to payback this to the state, but mostly, they have to provide periodic reports on project progress. This essay will argue that government funding for research is beneficial for the general public. The first reason for this is that health

Many of these medical treatment services have a direct impact on the lifestyle of people. This is because medical cures must be provided to the people in order to have a healthy nation and save precious lives from severe diseases. According to Australian National Health and Medical Research Council “given the exceptional returns to investing in Australian health and medical research, it makes sound economic and social sense for Australian governments to commit to substantially expanding such investment, and to encourage other funders to do so as well” (Australian National Health and Medical Research Council 2009, p. 2). This evidence shows that health researchers give positive results of government investment by improving traditional ways of treatment, drugs and vaccines; therefore, the government must make a giant share in health research because it is worthy for the nation. The public benefits from the new research knowledge that is acquired

Technologies, such as the internet, networking, software and gadgets are now directly associated with modern lifestyle of people. Possible reason for this, these technologies must be catered to have advanced educated citizens and efficient organizations for the social as well as economic growth of the country in this competitive world. The study explains that enormous capital is required for research and development to introduce fiber-to-the-home systems. The demand of fiber-to-the-home systems has been raised because communication systems have become necessity of life of people along with water, electricity and gas (Kimura 2013, p. 75). The evidence clearly indicates that technologies are the essential need of today’s societies and they have made people lives easier by making communication convenient, smarter and faster. The research reveals that “in its report, Information Technology Research: Investing in Our Future, the committee advocates increasing federally funded basic long-term, high-risk information technology research and development. PITAC notes that information technology can help transform our society and recommends both technical and socio-economic research and policy priorities” (comedy 2002, p. 218). The evidence suggests that by improvement in technology through basic long-term research will