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12 December 2013 1:00 pm ,
Vol. 342 ,
In an ambitious project to study 1000 years of sickness and health, researchers are excavating the graveyard of the now...
Stefan Behnisch has won awards for designing science labs and other buildings that are smart, sustainable, and...
The iconic 125-year-old Lick Observatory on Mount Hamilton near San Jose, California, is facing the threat of closure...
Recent results from the Curiosity Mars rover have helped scientists formulate a plan for the next phase of its mission...
A new, remarkably powerful drug that cripples the hepatitis C virus (HCV) came to market last week, but it sells for $...
In pretoothbrush populations, gumlines would often be marred by a thick, visible crust of calcium phosphate, food...
Evolutionary biologists have long studied how the Mexican tetra, a drab fish that lives in rivers and creeks but has...
Victorian astronomers spent countless hours laboriously charting the positions of stars in the sky. Such sky mapping,...
- 12 December 2013 1:00 pm , Vol. 342 , #6164
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Global Innovation and the Recession: A New Analysis
15 December 2009 3:20 pm
Spending on innovation among the richest nations took a nosedive early last year and began a slow recovery in 2009—shown in sharp relief by data in a report issued today by the Organisation for Economic Co-operation and Development (OECD). Published every second year, the OECD Science, Technology, and Industry Scoreboard pulls together international data on the leading economies and looks for patterns across the globe. The 2009 edition highlights a few key trends in the last few years (although many data tables stop in 2006). A look at total U.S. venture capital investment, for example, reveals a decline that began in the first quarter of 2008, even before the credit meltdown, leading to a 60% drop a year later. The line now appears to be on the rise.
One of the hottest innovative sectors before the crash—information and communication technology—seems to be bouncing back. Green technology also continues to grow, as reflected in patent applications. Many elements of the report underline global links in R&D and the growth of cross-border research projects in business.