Australia does some of the highest quality university research in the world, and for cheap.
The USA can (and does) fund specific research and they get to say what happens to that research after it is finished. It unusually goes into the public domain.
For example, the USA could fund a series of projects on mechanically compounded super-alloys. They would benefit from the shitty Australian dollar, and then get full use of the information.
And Australia has an issue where they can't get funding.
All investment in Australia goes to Land and Mining, there is no will to invest in anything else. So researchers are always looking else where for funding and investment.
Australia does some of the highest quality university research in the world, and for cheap.
The USA can (and does) fund specific research and they get to say what happens to that research after it is finished. It unusually goes into the public domain.
For example, the USA could fund a series of projects on mechanically compounded super-alloys. They would benefit from the shitty Australian dollar, and then get full use of the information.
In principle it is a good idea.
The devil is in the details.
And Australia has an issue where they can't get funding. All investment in Australia goes to Land and Mining, there is no will to invest in anything else. So researchers are always looking else where for funding and investment.