Nanotechnology Now

Our NanoNews Digest Sponsors
Heifer International



Home > Press > Keeping up investment in science and innovation key to long-term growth, says OECD

Abstract:
OECD governments must maintain spending on science and innovation to strengthen their long-term growth in the face of rising global competition, according to a new OECD report.

Keeping up investment in science and innovation key to long-term growth, says OECD

France | Posted on December 14th, 2010

The Science, Technology and Industry Outlook 2010 shows that real growth in R&D spending by OECD countries has in fact slowed, with annual growth falling from over 4% in recent years to 3.1% in 2008.

But, despite the economic crisis, some countries have increased their spending since 2008. Germany, Korea, Sweden and the US have boosted spending on public research to strengthen long-term innovation.

Emerging economies continue to increase their spending on R&D. China's real expenditure on R&D in 2008 was equivalent to 13% of the OECD total, up from around 5% in 2001. The Russian Federation's R&D spending in 2008 was equal to 2% of the OECD total, close to the shares of Canada and Italy.

"Investment in science and technology is an investment in the future. At a time of fiscal consolidation, countries must carefully consider the long-term impact of spending cuts on science and technology," said OECD Secretary-General Angel Gurría. "There is also a need to increase the efficiency of this spending. The right governance structures should be in place if countries are to make the most of the resources devoted to science and technology."

Reviewing the different challenges facing OECD countries in fostering innovation, the report says that a number of key issues need tackling urgently. These include:

* Building a new shared system for the governance of international co-operation in science and technology to address global challenges, such as climate change.
* Improving policy support at different stages of the innovation value chain, from basic research to entrepreneurship.
* Improving access to public research data and upgrading ICT infrastructure.
* Co-ordinating policy at regional, national and international levels.

The OECD Science, Technology and Industry Outlook 2010 reviews trends and developments in science, technology and innovation policy in OECD countries and six emerging economies (Brazil, China, India, Indonesia, the Russian Federation and South Africa).

As part of the OECD's 50th anniversary in 2011, this edition of the Outlook also includes a chapter looking at how science and technology have evolved since the 1960s, how the OECD has contributed and the prospects for the 21st century.

The OECD Science, Technology and Industry Outlook 2010 is available to journalists on the OECD's password-protected website. More data and analysis, including profiles for 40 countries, is available at www.oecd.org/sti/outlook

####

About OECD
Our mission is to promote policies that will improve the economic and social well-being of people around the world.

For more information, please click here

Contacts:
Ester Basri
OECD’s Science, Technology and Industry directorate
tel. + 33 1 45 24 96 24

or the OECD's Media Division
tel. + 33 1 45 24 97 00

Copyright © OECD

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

INRS and ELI deepen strategic partnership to train the next generation in laser science:PhD students will benefit from international mobility and privileged access to cutting-edge infrastructure June 6th, 2025

Electrifying results shed light on graphene foam as a potential material for lab grown cartilage June 6th, 2025

Quantum computers simulate fundamental physics: shedding light on the building blocks of nature June 6th, 2025

A 1960s idea inspires NBI researchers to study hitherto inaccessible quantum states June 6th, 2025

Jobs

Could quantum technology be New Mexico’s next economic boon? Quantum New Mexico Coalition aims to establish state as national hub April 1st, 2022

SEMI Partners with GLOBALFOUNDRIES to Offer Apprenticeship Program Aimed at Building the Electronics Talent Pipeline August 11th, 2020

March 17th, 2020

Arrowhead Pharmaceuticals Reports Inducement Grants under NASDAQ Marketplace Rule 5635(c)(4) March 29th, 2019

Govt.-Legislation/Regulation/Funding/Policy

INRS and ELI deepen strategic partnership to train the next generation in laser science:PhD students will benefit from international mobility and privileged access to cutting-edge infrastructure June 6th, 2025

Electrifying results shed light on graphene foam as a potential material for lab grown cartilage June 6th, 2025

Institute for Nanoscience hosts annual proposal planning meeting May 16th, 2025

Rice researchers harness gravity to create low-cost device for rapid cell analysis February 28th, 2025

Announcements

INRS and ELI deepen strategic partnership to train the next generation in laser science:PhD students will benefit from international mobility and privileged access to cutting-edge infrastructure June 6th, 2025

Electrifying results shed light on graphene foam as a potential material for lab grown cartilage June 6th, 2025

Quantum computers simulate fundamental physics: shedding light on the building blocks of nature June 6th, 2025

A 1960s idea inspires NBI researchers to study hitherto inaccessible quantum states June 6th, 2025

Research partnerships

INRS and ELI deepen strategic partnership to train the next generation in laser science:PhD students will benefit from international mobility and privileged access to cutting-edge infrastructure June 6th, 2025

Superconductors: Amazingly orderly disorder: A surprising effect was discovered through a collaborative effort by researchers from TU Wien and institutions in Croatia, France, Poland, Singapore, Switzerland, and the US during the investigation of a special material: the atoms are May 14th, 2025

HKU physicists uncover hidden order in the quantum world through deconfined quantum critical points April 25th, 2025

SMART researchers pioneer first-of-its-kind nanosensor for real-time iron detection in plants February 28th, 2025

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project