The United States recorded its first annual decline in spending on research and development (R&D) since 2002, as R&D spending this year fell about 3.8 percent to $382.6 billion, after accounting for inflation, according to the Battelle Memorial Institute. However, U.S. spending is expected to rebound in 2010 and rise 1.7 percent to $395.9 billion, with some of the funding will come from the stimulus package. The spending figures include funding received from the U.S. government as well as from U.S. companies.
Approximately $1.11 trillion was spent on R&D globally in 2009, and that amount is expected to rise 4 percent to $1.16 trillion next year. Spending also declined in Japan and Europe this year, but China and India showed growth at a slower pace. "India and China's R&D engines are large and getting larger, and are driven by factors beyond" the temporary swings of the global economy, says Battelle researcher Martin Grueber. China could surpass Japan as the world's second-biggest spender on R&D, after the United States, in 2011.
From The Wall Street Journal
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