Global Share of Research Spending in US Declines

New research suggests that the United States'' global share of biomedical research spending fell from 51 percent in 2007 to 45 percent in 2012. However, Japan and China saw dramatic increases in research spending. The research and development spending in the United States dropped from (Dollar) 131 billion to (Dollar) 119 billion, when adjusted for inflation, from 2007-2012, while Japan increased spending by (Dollar) 9 billion and China increased by (Dollar) 6.4 billion. Overall, Asia''s share ...

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Written by: editor - Thursday, January 2, 2014

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