Institute claims that low R&D investment hinders the economy

The China Post
Date: April 16, 2015
By: John Liu

TAIPEI, Taiwan — As domestic expenditure on research and development flattened over the years, it might have wielded an adverse impact on the nation’s innovative drive and in turn hurt the economy, according to Dr. Anders Karlsson of Elsevier, a global digital information solution provider.

In a press conference held yesterday, Karlsson compared Taiwan’s academia and R&D investments with other major economies of the world.

Taiwan’s expenditure on R&D stayed in the US$20,000 range between 2005 and 2011, while China’s expenditure spiked from US$70,000 to more than US$180,000 during the same period.

The number of full-time researchers in Taiwan also stayed leveled. It was pegged at the 100,000 range, while in China, the number grew from 750,000 to 1.3 million.     [FULL  STORY]

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