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

Researchers develop artificial building blocks of life March 8th, 2024

How surface roughness influences the adhesion of soft materials: Research team discovers universal mechanism that leads to adhesion hysteresis in soft materials March 8th, 2024

Two-dimensional bimetallic selenium-containing metal-organic frameworks and their calcinated derivatives as electrocatalysts for overall water splitting March 8th, 2024

Curcumin nanoemulsion is tested for treatment of intestinal inflammation: A formulation developed by Brazilian researchers proved effective in tests involving mice March 8th, 2024

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

What heat can tell us about battery chemistry: using the Peltier effect to study lithium-ion cells March 8th, 2024

Researchers’ approach may protect quantum computers from attacks March 8th, 2024

The Access to Advanced Health Institute receives up to $12.7 million to develop novel nanoalum adjuvant formulation for better protection against tuberculosis and pandemic influenza March 8th, 2024

Optically trapped quantum droplets of light can bind together to form macroscopic complexes March 8th, 2024

Announcements

What heat can tell us about battery chemistry: using the Peltier effect to study lithium-ion cells March 8th, 2024

Curcumin nanoemulsion is tested for treatment of intestinal inflammation: A formulation developed by Brazilian researchers proved effective in tests involving mice March 8th, 2024

The Access to Advanced Health Institute receives up to $12.7 million to develop novel nanoalum adjuvant formulation for better protection against tuberculosis and pandemic influenza March 8th, 2024

Nanoscale CL thermometry with lanthanide-doped heavy-metal oxide in TEM March 8th, 2024

Research partnerships

Researchers’ approach may protect quantum computers from attacks March 8th, 2024

How surface roughness influences the adhesion of soft materials: Research team discovers universal mechanism that leads to adhesion hysteresis in soft materials March 8th, 2024

'Sudden death' of quantum fluctuations defies current theories of superconductivity: Study challenges the conventional wisdom of superconducting quantum transitions January 12th, 2024

Development of zinc oxide nanopagoda array photoelectrode: photoelectrochemical water-splitting hydrogen production January 12th, 2024

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