South Korea leads in funding R&D
October 24, 2005South Korea had the most spectacular 2004 annual growth in research and development investment -- 40 percent -- among the world's top 1,000 companies.
The European Union fell further behind the rest of the world in R&D spending according to figures published Monday, The Financial Times reported.
The increase in corporate R&D investment for 2004-05 was 2 percent in Europe, 4 percent in Japan and 7 percent in the United States and Asia, according to the International R&D Scoreboard produced by Britain's Department of Trade and Industry. It lists the world's top 1,000 companies by R&D spending.
The scoreboard indicated European companies, as a whole, haven't increased R&D investment during the past four years, while their U.S. counterparts are spending 12 percent more on R&D than their four-year average.
Europe's failure to keep pace with other nations in R&D spending reportedly will be a major topic during a summit of European Union nations to be held Thursday near London, the Times said. British Prime Minister Tony Blair is to host the meeting.
Copyright 2005 by United Press International
Nov 19, 2009 |
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