Monday, March 25, 2013

Trends & Prospects in R&D

R&D Invariably Plays an Important role in Addressing The Interwoven challenges of an Economy. Having Endured The Worst Recessionary periods, The Global R&D outlook for 2011 looks Increasingly Stable & Positive. The R&D spend is Anticipated to Increase to almost $1.2 trillion. B&e’s ReflEction of The Trends and Prospects.

European union a concern

The available statistics and forecasts thereof make it amply clear that growth in research and development (R&D) has resumed following the recession induced cuts in advanced economies. The global spending on R&D is anticipated to increase to $1.2 trillion in 2011. Amongst the global research community, the state of R&D in European Union is the most concerning. The EU has failed to reach the “3% by 2010” mark primarily because of the banking failures and the massive support required by Greece, Spain and Ireland. The active environment for collaborations with emerging economies such as China and India hold a lot of promise for the European R&D. Still struggling to recover from the economic downturn R&D investment in Japan and Germany is not keeping pace with Asia.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

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