Despite the recession, things are looking up for the research and development (R&D) side of science. According to a new report published in R&D Magazine, funding forecasts indicate that U.S. investments in science will grow by 3.3 percent to $402 billion in 2010. Globally, R&D spending is estimated to increase by 4.0 percent to $1.2 trillion next year.
The United States remains the largest investor in R&D. However, Asian nations are increasing their support at a more rapid pace, with 7.5 percent growth in the region last year. China and India are increasing their spending at rates of 14.3 and 18.5 percent, respectively. At this pace, China will surpass Japan as the world’s second largest funder of R&D in the coming year. The report, produced by Battelle, a non-profit research company, demonstrates the importance of the $21 billion for science included in the American Recovery and Reinvestment Act of 2009. Without this investment of stimulus funds, U.S. research spending in 2009 would have fallen below the 2008 level.
To read the report, “Emerging Economies Drive Global R&D Growth,” published in R&D Magazine, please visit http://www.rdmag.com/tags/publications/global-r-and-d-funding-forecast.
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