Is America falling behind in the global R&D race?
Research and Development (R&D) has traditionally included federal investment, but as budgets are scaled back and appropriating becomes more conservative in Washington, an increasing amount of America’s R&D is coming from private firms.
In a recent issue, The Economist looked at the changing R&D atmosphere and what it means for the future of innovation in the United States and worldwide. If the ratio of American’s R&D-to-GDP investment (the percentage of the GDP which is spent on R&D) continues to decline, will America fall behind in the global R&D race?
The complete article, which appeared in the August 25, 2012 print edition, can be viewed here.