What is Macrothink Institute?
Macrothink Institute is a private online publisher dedicated to the spread of knowledge through open access scholarly journals and articles. All of Macrothink Institute‘s journals are open to the general public for download to aide in their research.
The online publisher is one of publishers who are in support of the new Federal Spending Bill. The bill, among other things, makes it mandatory for Labour and Health Service funded research to be open for viewing to the general public for free within a year after publishing.
The Policy’s Impact on Publishers and Authors
However, the Macrothink Institute supports the bill’s major directive i.e. to make more scholarly journals open for public viewing. This is due to the belief by the publisher that free flow of information is an essential step in the advancement of any field.
By allowing open access to peer reviewed research, not only do authors of the articles gain more exposure due to their work being more widely circulated, but less noteworthy scholars may be able to establish a base on the findings of their peers.
The bill will also help those agencies whose research budget had been cut short earlier, such as the Institute of Museum and Library Services, who were cut short of funding back in 2013. This allocates more budgets to agencies, thereby promoting advancements in their respective fields.
Macrothink Institute’s Corporate Responsibilities
Macrothink Institute firmly believes that electronic journals are the next step in the free flow of information due to the numerous advantages they have over traditional paperback journals, including lower paper waste, lower cost and a more organized reviewing process. The latter two are especially beneficial for authors who might be dissuaded from sharing their work due to these stipulations.
The online publisher hopes for scholars from different parts of the world to share their ideas and research for more coordinated development. Thanks to their catalogue of scholarly journals, all of which have been peer reviewed and go through an extensive editorial process, scholars from all over the world can access high quality journals just using an internet connection.
And best of all, there is no subscription fee or payment whatsoever; all of the articles at Macrothink Institute are free of cost and accessible for everyone. New online publications such as this have made it possible for easier access to scholarly journals. And thanks to the new bill, more agencies can now fund research with a higher allocated funding.