National Innovation Spending Wasted
Forrester says –
National investments in innovation are largely wasted and technology studies confirm the political and social biases of their sponsors instead of presenting the truth.
The U.S. spent almost $300 billion in public and private money on R&D in 2003, about half of all R&D spending by the 30 member countries of the Organisation for Economic Co-operation and Development (OECD). America can claim 35% of all patents filed in Europe, Japan, and at home. But such spending doesn’t create jobs or boost the number of goods and services produced by a country — also known as the gross domestic product (GDP).
-Shlok
Sign up for my newsletter.