Growth of R&D

 
Published: Saturday 04 July 2015

-- Funding and technology cooperation in the past 17 years indicate that research and development (R&D) is becoming increasingly globalised. Foreign funding of industrial R&D in the US increased almost 800 per cent between 1983 and 1990 -- crossing the US $14 billion mark -- and is still growing. In contrast, US corporates invested about US $10 billion in R&D abroad. Almost 15 per cent of industrial R&D funding in the UK, and 18 per cent in Canada, comes from foreign sources. Strategic technology alliances in the same period increased three-fold. Moreover, residents of R&D-rich nations are increasingly seeking patents in other countries. Industrial patenting rose two to three times in member nations of the Organisation for Economic Cooperation and Development.

Subscribe to Weekly Newsletter :

Comments are moderated and will be published only after the site moderator’s approval. Please use a genuine email ID and provide your name. Selected comments may also be used in the ‘Letters’ section of the Down To Earth print edition.