Investment in the Future: How should the board prioritize R&D spending?

Research and development (R&D) spending has been at the heart of many of the United States’ technological advancements, but over the last 20 years China has made a greater investment in technology.

According to a National Academy of Sciences report, federal R&D funding as a percentage of gross domestic product has dropped 54% in the last 40 years. And while private industry has picked up the mantle to some extent, most of this research is in search of new products to take immediately to market.

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