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by somewhereoutth
1191 days ago
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To be honest it is all about population. Industrial/technological first mover advantage has now gone really. You need the concentration of talent that only drawing from a very large pool can achieve. US, EU, China are the 3 poles at the moment - with Africa and South America as potential for the future if they can get their governance sorted out. The UK stopped being a global power after Suez - not for nothing is Brexit known as 'Suez for slow learners' |
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A nation with a 10x higher per capita of truly productive scientists and engineers (with a well functioning R&D system that wasn't just publish-or-perish or other friction that reduces efficiency) would perform roughly as well as a nation with 10x the population. Somewhat but not perfectly analogous to how some countries invest more, or more wisely in their military budget, and have equivalent military power as much larger countries.
So if the UK invested such that it had 10x the per capita scientists and engineers, let's say 10% of the population vs 1%, then it could compete with a nation of 680 million.
If it also invested more wisely in capital equipment, business efficiency, legal efficiency, and so on, it might be able to get further multipliers and compete with the biggest economies in the world.