Global R&D Expenditures

The Organization for Economic Cooperation and Development (OECD) has released its latest edition of Science, Technology and Industry Outlook. The report shows that the overall rate of growth for R&D spending among OECD members has slowed from 4.6% between 1996 to 2001, to 2.5% since 2001. However, the distribution of R&D spending is shifting, with emerging economies such as China, India, Russia and South Africa showing large increases in R&D spending. The report can be accessed at: OECD Science, Technology and Industry Outlook 2008

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