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Category: Research

US R/D Investment Lead Continues to Erode

October 03, 2014 Posted by Chris Wysong

The US is still the global leader in research and development, but the country is losing share in the world R/D game as other countries are making big strides. Patricia Panchak of IndustryWeek details global R/D trends and what these mean for the economic future. US R/D Investment Lead Continues to Erode By: Patricia Panchak The alarms arent going off as in years past, but the U.S. research and development community continues to worry. With the fiscal year 2014 omnibus officially signed into law, some federal funding has been restored, but its growth continues to lag in comparison to other countries investments. The sigh of relief over passage of the Consolidated Appropriations Act of 2014 demonstrates just how bad things could have been. Had the federal budget sequester stayed in effect for the next four years as planned, overall federal RD funding would have been cut by 8.4%, or $57.5 billion, according to the American Association for the Advancement of Sciences estimates. Worse,

Posted in Research, Development, US, World
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