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NEWS
Emerging Economies Drive Global Research
January 8, 2010

Global research and development (R&D) spending is expected to increase by 4.0 percent in 2010 to $1,156 billion, according to the closely watched Battelle -R&D Magazine 2010 Global R&D Funding Forecast released recently.

The increase in spending mostly will be fueled by continued spending by China and India, two countries that will drive a 7.5 percent increase in Asian R&D. Meanwhile, United States R&D spending is expected to increase 3.3 percent to $401.9 billion. Europe is predicted to lag behind, by increasing spending by only 0.5 percent, to $268.5 billion in 2010.

The impact of U.S. stimulus funding on total R&D in 2009 and 2010 cannot be underestimated; without it, total U.S. R&D would have dropped below 2008 levels. Worldwide economic stimulus funding reached $1.92 trillion last year, with about 38 percent of that occurring in Asian countries. While having significantly positive short-term effects, the economic stimulus packages dramatically increased the debt loads of the countries implementing them and could take away from comparable R&D investments of the future, the forecast cautioned.

The full report can be accessed via Battelle’s Web page


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