Sunday, January 17, 2010

U.S. Lead in Science Shrinks - WSJ.com

U.S. Lead in Science Shrinks - WSJ.com:

"The U.S. remains the world's science and technology leader, but other countries are gaining ground, the National Science Board said Friday in its biennial report on science and engineering.

The U.S. accounted for nearly a third of $1.1 trillion spent on research and development globally in 2007, minted more science and engineering doctorates than any other country, and led the world in innovative activity. Efforts by China and other developing Asian countries to boost their science and engineering capabilities are bearing fruit, however, and the gap between them and the U.S., though still wide, is narrowing.

For the 10 years ending in 2007, the most recent year for which the data were available, spending on research and development grew between 5% and 6% annually in the U.S., Japan and the European Union. Similar spending in India, South Korea and Taiwan grew an average 9% to 10% a year over the same period. In China, it averaged more than 20%."

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