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Yale’s Levin Faces Tech Caucus
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Business New Haven
10/18/1999
By: BNH
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WASHINGTON, D.C. - On September 22 Yale University President Richard C. Levin delivered an opening statement during testimony in Washington before the Science and Technology Caucus of the U.S. Senate. "High-technology industries and the basic research that feeds them will continue to be a driving force in our economy," he said. "In recent decades, the economy has shifted away from such industries as automobiles and steel, which once served as its backbone, and toward industries in which competitive success depends on the commercial application of new scientific knowledge - software, communications equipment and biotechnology.
"Several factors influence our industries' ability to develop and exploit new products, including tax policy and federal rules governing the immigration of scientists and engineers. The most important influence, however, is the strength of the basic research that expands the knowledge base that companies have at their disposal," he said.
Levin pointed out, however, "troubling trends in the financing of research" and predicted that the current decline in funding would lead to lower levels of innovation and competitiveness.
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