72 research outputs found

    Economic Growth and the Harmful Effects of Student Loan Debt on Biomedical Research

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    Modern theories of economic growth emphasize the role of research and development (R&D) activities in determining a society's standard of living. In some advanced economies, however, higher education costs and the level of indebtedness among graduates have increased dramatically during recent years. Student loans are evident throughout the Western world, particularly in the United States, and within the bio-medical sciences. In this paper the authors develop a basic model of economic growth in order to investi-gate the effects of biomedical graduates indebtedness on the allocation of human re-source in the R&D activities, and thus on the process of economic growth. Using this modified model to understand the consequences of the rising cost in biomedical educa-tion, we derive a 'science-growth curve' (a relation between the share of pure researcher and the economy rate of growth), and we find two possible effects of biomedical stu-dent indebtedness on economic growth: specifically, a composition effect and a productivity effect. First, we outline the Romer's classical growth model, and we apply it to a 'biomedical' knowledge-based economy, and second, the model is developed by factoring the difference between pure and applied biomedical research. The 'biomedical science sector' is one of the key pillars of modern knowledge-based economy. The costs of higher education in biomedical sciences and the graduates level of indebtedness represent, not only a great problem of equality of opportunity, but also a serious threat to future prosperity of the advanced economies

    Communicating science

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    Communication is essential to the STEM professions. It is about explaining the importance of your work to colleagues, grant panels, funding agencies, the media, and project reviewers; publishing your research; and informing and educating citizens, and sometimes policy makers and industry leaders. It is also involved in building collaborative relationships, bringing and keeping teams together (e.g., in your laboratory, your institution, or across the world), and becoming recognized for your professional expertise. The ability to communicate effectively is not just an innate quality that one either does or does not possess. It is a set of skills that can and should be learned and developed, regardless of your starting point. Indeed, some people seem more naturally adept than others, and STEM women do tend to communicate differently than their male counterparts. It is also important to note that, regardless of how important a topic or issue may be to us, we cannot assume that our audience will share our motivation and perspective and/or have the knowledge and background to be able to understand the information that we are trying to convey, which creates another challenge for effective communication. However, through conscious effort, practice, and constructive feedback, everyone can and should aim to improve. This can be achieved by becoming familiar with and by practicing using different modes of communication when interacting with STEM professionals, the public, and the media, by learning from role models and exemplars, and by committing to continuously developing your skills

    An Entomologist’s Account of 2020

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