A recent study published by The Organisation for Economic Co-operation and Development (OECD) reviews key trends in science, technology and innovation (STI) in OECD countries and a number of major emerging economies. Using the latest available data and indicators, the study looks at the role STI will play in recovery from the global economic crisis. While OECD countries show divergent practices, overall, indicators show that investment in R&D has slowed in these countries. For example:
On a positive note, all OECD countries except the United States increased their output of scientific articles between 1998 and 2008 and more than 20 OECD governments now provide fiscal incentives to encourage business R&D, up from 12 in 1995 and 18 in 2004. On the other hand, the situation in some non-OECD economies is brighter as STI activities are intensifying and expanding:
These fast-growing developing countries are also passing on their STI less-developed nations. South Korea is providing loans and grants to Tanzania to bolster clinical teaching and hospital facilities, while China is helping the African country to develop a state-of-the-art cardiology unit. Meanwhile, India, Brazil and South Africa are collaborating on nanotechnology projects and training researchers together. This kind of cooperation “is hastening the ability of developing countries to innovate, to face global challenges including energy supplies and climate change, and to fight against poverty”, says Mario Cervantes, a senior economist in the OECD’s science and technology division, as quoted in an article by Nature News.