“WE MUST re-examine long-held assumptions about the global dominance of…American science and technology.” Those dark words come from Subra Suresh, director of America’s National Science Foundation (NSF), an official body. The NSF has just released its biennial report on global investment in science, engineering and technology. It gives warning that America is losing ground fast to Asian rivals, especially China.
The ten largest economies in Asia now spend roughly $400 billion a year on research and development (R&D)—as much as America, and well ahead of Europe’s $300 billion. China’s investment leapt 28% in a year, propelling it past Japan to become the world’s second-biggest spender. “Troubling trends,” declares one of the report’s overseers.
To read the full, original article click on this link: Research and development: Brain gain | The Economist
