Knowledge is not cheap. The world spends more than $1 trillion a year on research and development, including basic research. The biggest projects—’research infrastructures' like particle accelerators and DNA databases—carry correspondingly big price tags.
ITER, the experimental, international fusion reactor in the south of France, is taking years and more than EUR 13 billion to build. The Square Kilometre Array, the world’s biggest radio telescope now under development in South Africa and other southern countries, will cost well more than EUR 1.5 billion
It’s all great science, no doubt. But is it a great investment?
Read the full report from Science|Business, prefaced by Rolf Heuer, Director-General, CERN.