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17 April 2014 12:48 pm ,
Vol. 344 ,
Officials last week revealed that the U.S. contribution to ITER could cost $3.9 billion by 2034—roughly four times the...
An experimental hepatitis B drug that looked safe in animal trials tragically killed five of 15 patients in 1993. Now,...
Using the two high-quality genomes that exist for Neandertals and Denisovans, researchers find clues to gene activity...
A new report from the Intergovernmental Panel on Climate Change (IPCC) concludes that humanity has done little to slow...
Astronomers have discovered an Earth-sized planet in the habitable zone of a red dwarf—a star cooler than the sun—500...
Three years ago, Jennifer Francis of Rutgers University proposed that a warming Arctic was altering the behavior of the...
- 17 April 2014 12:48 pm , Vol. 344 , #6181
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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.