Today the world is inundated with advanced technology. It would be nearly impossible to go 24 hours without interacting with it in some form or another. For decades, the U.S. has harnessed technology in an innovative fashion to address the issues and challenges it faces around the world. This process has helped drive the country’s economic growth. At our core, we create technologies that empower people and organizations, and in ways that were previously unimaginable.
Unfortunately, we’re beginning to lose our edge. Looking back 50 years, you’ll find that R&D spending accounted for just about 12 percent of the total U.S. budget. Now, that has dropped to a bit more than three percent. To put that into perspective, a recent Bloomberg study pinpointed the most innovative countries in the world. When looking at R&D Intensity, here are the results:
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