OECD STI Scoreboard 2015 shows countries need to step up long-term investment in R&D
The OECD published its Science, Technology and Industry Scoreboard 2015 on 19 October 2015.
According to the new report, "countries should step up their investment in long-term R&D to develop frontier technologies that will reshape industry, healthcare and communications and provide urgently needed solutions to global challenges like climate change." The report also shows that the United States, Japan and Korea are far in the lead with regard to patents in a new generation of “disruptive” technologies in advanced materials, health, and ICT, accounting for over 65% of patent families in these fields filed in Europe and the US in 2010-12. The report was presented by OECD Secretary-General Angel Gurría in Daejeon, Korea, a country whose rise in R&D expenditure has been particularly marked, quadrupling in real terms since 2000.
The STI Scoreboard shows that total R&D spending in OECD countries grew by 2.7% in real terms in 2013 to USD 1.1 trillion – a rise driven by business R&D. While governments increased R&D spending during the economic crisis to support businesses, R&D funded or performed by governments has declined since then in many advanced economies. The OECD warns that cuts to R&D spending threaten to destabilise science and research systems and underlines the need for governments to keep up their spending on basic research.
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