Advertisement

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Policy

Shifting R&D Landscape

Report: NSF study shows the U.S., Europe, and Japan are slipping in relation to emerging economies

by Susan R. Morrissey
February 13, 2014 | A version of this story appeared in Volume 92, Issue 7

INVESTMENTS
[+]Enlarge
R&D investments as a percentage of a country’s economic activity vary. NOTE: R&D intensity is a country’s R&D investment as a percentage of its gross domestic product (GDP). Conversions of foreign currencies to U.S. dollars are calculated with each country’s GDP implicit price deflator and with OECD purchasing-power-parity exchange rates. Data for the U.S. reflect international standards for calculating gross expenditures on R&D, which vary slightly from NSF’s protocol for tallying U.S. total R&D. SOURCE: 2014 “Science & Engineering Indicators”
This line graph shows the R&D intensity of six countries.
R&D investments as a percentage of a country’s economic activity vary. NOTE: R&D intensity is a country’s R&D investment as a percentage of its gross domestic product (GDP). Conversions of foreign currencies to U.S. dollars are calculated with each country’s GDP implicit price deflator and with OECD purchasing-power-parity exchange rates. Data for the U.S. reflect international standards for calculating gross expenditures on R&D, which vary slightly from NSF’s protocol for tallying U.S. total R&D. SOURCE: 2014 “Science & Engineering Indicators”

The U.S., Europe, and Japan no longer monopolize the R&D arena because emerging Asian economies are expanding their share of global R&D investment. This is a major finding of the 2014 “Science & Engineering Indicators.” The biennial report is the product of the National Science Board, the policy-making body for NSF and an advisory panel to Congress.

“Emerging economies understand the role science and innovation play in the global marketplace and in economic competitiveness and have increasingly placed a priority on building their capacity in science and technology,” says Dan E. Arvizu, chairman of the National Science Board. Emerging economies’ focus on R&D is rapidly changing the scientific landscape, adds Arvizu, who is director and chief executive of the National Renewable Energy Laboratory.

According to the report, in terms of global R&D expenditures in 2011, the U.S. remains the leader, holding just under a 30% share. The U.S. portion is down from 37% in 2001. One-third of global R&D expenditures came from Asia, with 15% coming from China and 10% coming from Japan. The European Union held a 22% share of global R&D in 2011, down from 26% in 2001.

Looking at R&D investments as a share of gross domestic product (GDP), the U.S. ranks 10th with investments in 2011 of 2.8% of GDP. Countries with more R&D investment include South Korea with 4.0% of GDP, and Japan with 3.4% of GDP.

The report finds that the U.S. still is the front-runner in many areas. These include total R&D investment, number of high-quality publications, patents issued, and income generated by intellectual property export. The report also finds that U.S. R&D has rebounded from the Great Recession, thanks in part to funding from the 2009 American Recovery & Reinvestment Act.

“Science & Engineering Indicators” has been compiled every two years since 1972.

Advertisement

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.