Manufacturing facts: U.S. R&D spending lead over emerging markets narrows

04/16/2013

This week's excerpt from The Facts About Modern Manufacturing: For more than a half-century, the U.S. has led the world in science and innovation, but our country can no longer take its supremacy for granted. Aggregate R&D spending by six large and fast-growing economies for which reliable data exist (Brazil, China, India, Russia, Korea and Taiwan) reached 53% of the U.S. level in 2009, up from 17% just 10 years prior. If current trends continue, R&D spending in these key emerging markets may exceed U.S. levels by the end of this decade. Manufacturing Facts

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