New Law Gives Venezuelan Government Control Over Most Research Spending

Posted on December 14, 2010 • Filed under: Business, Politics, Venezuela

A new science law in Venezuela says that research will now be done for the people and in part by the people, and no longer to benefit those “in white coats.” However, scientists fear the changes could hinder progress across many fields.

The new rules, approved last week by the National Assembly to take effect on 1 January, would establish government control over a large pool of tax money previously spent by companies on internal research projects, or via collaborations with universities. Read Article

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