Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

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

Liquid metal nano printing set to revolutionize electronics: Creating integrated circuits just atoms thick February 18th, 2017

Engineers shrink microscope to dime-sized device February 17th, 2017

Francis Alexander Named Deputy Director of Brookhaven Lab's Computational Science Initiative February 16th, 2017

Research opens door to smaller, cheaper, more agile communications tech February 16th, 2017

Jobs

Participate in the development of Malaysia’s National Graphene Action Plan 2020 October 10th, 2016

Leading Advanced Materials Manufacturer Pixelligent Closes $10.4 Million in Funding: Capital Will Boost Capacity for North American Manufacturing, Drive Asian Expansion, and Continue Innovation in Solid State Lighting and OLED Display Applications August 16th, 2016

SUNY Poly Welcomes DPS as the Global Engineering Firm Opens Its U.S. Advanced Technology Group Headquarters at Cutting-Edge ZEN Building November 20th, 2015

SUNY Poly CNSE Announces Milestone as M+W Group Opens U.S. Headquarters at Albany Nanotech Complex and Research Alliance Begins $105M Solar Power Initiative October 20th, 2015

Govt.-Legislation/Regulation/Funding/Policy

Engineers shrink microscope to dime-sized device February 17th, 2017

Francis Alexander Named Deputy Director of Brookhaven Lab's Computational Science Initiative February 16th, 2017

Good vibrations help reveal molecular details: Rice University scientists combine disciplines to pinpoint small structures in unlabeled molecules February 15th, 2017

Research reveals novel quantum state in strange insulating materials February 14th, 2017

Announcements

Liquid metal nano printing set to revolutionize electronics: Creating integrated circuits just atoms thick February 18th, 2017

Engineers shrink microscope to dime-sized device February 17th, 2017

Francis Alexander Named Deputy Director of Brookhaven Lab's Computational Science Initiative February 16th, 2017

Research opens door to smaller, cheaper, more agile communications tech February 16th, 2017

Research partnerships

Graphene foam gets big and tough: Rice University's nanotube-reinforced material can be shaped, is highly conductive February 13th, 2017

Cedars-Sinai, UCLA Scientists Use New ‘Blood Biopsies’ With Experimental Device to Speed Cancer Diagnosis and Predict Disease Spread: Leading-Edge Research Is Part of National Cancer Moonshot Initiative February 13th, 2017

Highly sensitive gas sensors for volatile organic compound detection February 6th, 2017

UCLA physicists map the atomic structure of an alloy: Researchers measured the coordinates of more than 23,000 atoms in a technologically important material February 3rd, 2017

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



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project