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Peter Bennett is celebrating the end of the week by knocking back a glass of lager at the Bell Inn. The Nottingham University engineering student estimates he'll down eight or nine pints before night's end. That's what he says he puts away in his thrice-weekly sessions, which start at a pub around 9 p.m. and end at a club five or six hours later. "We definitely drink more" in Britain, he says. "It's just the culture to get pissed, I guess." Outside, two young men square off drunkenly but stop when a police van glides...
Giants like Intel and Microsoft are bellwethers for other technology firms, but the seeds of globalized R. and D. were planted decades earlier. "The old model of research was Bell Labs'," says Ronil Hira, a professor of public policy at the Rochester Institute of Technology. Working on everything from basic science to prototypes of new products, centralized labs produced landmarks like the transistor, and every major corporation had such incubators. That changed over the past 20 years, as businesses started to shift their R.-and-D. money away from basic science in centralized labs (they would rely on universities...
...more U.S. companies shift more resources to India and China--even legendary Bell Labs has a research center in Bangalore--some observers are worried about what it means for the U.S. economy. With companies able to tap into the best talent all over the world, "that's a plus because it adds to innovation," Hira says. But when growth abroad is substituted for growth here, the U.S. loses the happy spillover of investing in research--all those new firms in Silicon Valley, around Austin, Texas, and along Boston's Route 128. If Bangalore and Beijing become the new cradles...
...Giants like Intel and Microsoft are bellwethers for other technology firms, but the seeds of globalized R&D were planted decades earlier. "The old model of research was Bell Labs'," says Ronil Hira, a professor of public policy at the Rochester Institute of Technology. Working on everything from basic science to prototypes of new products, centralized labs produced landmarks like the transistor, and every major corporation had such incubators. That changed over the past 20 years, as businesses started to shift their R&D money away from basic science in centralized labs (they would rely on universities for that...
...more U.S. companies shift more resources to India and China?even legendary Bell Labs has a research center in Bangalore?some observers are worried about what it means for the U.S. economy. With companies able to tap into the best talent all over the world, "that's a plus because it adds to innovation," Hira says. But when growth abroad is substituted for growth here, the U.S. loses the happy spillover of investing in research?all those new firms in Silicon Valley, around Austin, Texas, and along Boston's Route 128. If Bangalore and Beijing become the new cradles...