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Technology Stocks : The *NEW* Frank Coluccio Technology Forum
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To: pltodms who wrote (32097)1/19/2010 1:20:12 AM
From: axial  Read Replies (1) of 46821
 
U.S. Maintains Science Lead, But Asia Gains Some Ground

-SNIP-

The U.S. accounted for nearly a third of $1.1 trillion spent on research and development globally in 2007, minted more science and engineering doctorates than any other country, and led the world in innovative activity. Efforts by China and other developing Asian countries to boost their science and engineering capabilities are bearing fruit, however, and the gap between them and the U.S., though still wide, is narrowing.

For the 10 years ending in 2007, the most recent year for which the data were available, spending on research and development grew between 5% and 6% annually in the U.S., Japan and the European Union. Similar spending in India, South Korea and Taiwan grew an average 9% to 10% a year over the same period. In China, it averaged more than 20%.

online.wsj.com

Jim
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