I think that's an open question.
My own view is that real expertise and basic research is table stakes in the global innovation economy, and that's what the world is investing in. It's not just because basic research is fun to do; it's because it actually keeps you at the leading edge of the knowledge frontier, and that knowledge applies down the road.
The important point is that you have to look at the innovation process as a continuum that goes all the way from basic research to market adoption and look at how you apply resources or develop resources along that continuum. If you have a break in the continuum, a lot of the upfront investment that you may make will fall down the cliff, because the continuum is not robust enough along that pipeline. It is a system view.