Many mouths to feed When the economy was humming along, endowments were adequate to support operations. But in recent years, interest rates have dropped sharply, and think tanks must now compete for research budgets from government and private industry, or otherwise make adjustments due to the limited availability of funding.
僧多粥少經濟景氣的年代，基金孳息已足夠智庫的運作，但近幾年來銀行利息大幅降低，智庫必須爭取政府與企業的研究預算，在大餅有限的情況下，智庫數目越來越多所帶來的第一個問題，便是財政吃緊，不得不調整腳步。