Japan Continues R&D Investment Even In Bad Times

Jan. 13, 2005
By John S. McClenahen Although it's plagued by a host of economic troubles led by deflation, Japan continues to invest more in total R&D as a percentage of GDP than does the U.S. In 2000 the figure for Japan was 2.98%; for the U.S. in 2000, the most ...
ByJohn S. McClenahen Although it's plagued by a host of economic troubles led by deflation, Japan continues to invest more in total R&D as a percentage of GDP than does the U.S. In 2000 the figure for Japan was 2.98%; for the U.S. in 2000, the most recent year for which comparable data are available, it was 2.69%, says Cliff Waldman, an economist at Manufacturers Alliance/MAPI, an Arlington, Va.-based business policy group. His study shows the U.S. putting a higher percentage of its economy into R&D than does Germany, but only modestly so. "R&D investment must be considered in a competitive context," says Waldman. "It is an essential avenue for creating new products and production methods that will give the U.S. economy and U.S. manufacturing the comparative advantage it needs in the current global environment."

Popular Sponsored Recommendations

Discrete and Process Manufacturing 2024 Trends and Outlook for North America

Oct. 29, 2023
Manufacturers are reaping the benefits of automation and cloud-based solutions. Discover what is driving today's industry trends and how they can shape your growth priorities ...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

Why DataOps may be the key to unlocking the full potential of digital transformation

Nov. 3, 2023
Read the 2023 market survey conducted by IndustryWeek

Powering Up Productivity: The Transformative Power of AP Automation in Manufacturing

Oct. 25, 2023
Discover how AP Automation is revolutionizing the manufacturing industry, driving efficiency, cost savings, and security. In today's world, automation is the key to staying competitive...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!