Analysis chronicles changes in US investment in R&D
Friday, August 3, 2018 - 10:50
in Mathematics & Economics
The distribution of U.S. investment in research and development (R&D) across countries and industries has undergone a dramatic shift since the 1990s, with R&D becoming less concentrated geographically and growing rapidly in less developed markets such as China and India. The phenomenon of R&D globalization is also distinguished by its concentration in the domains of software and information technology (IT). In this context, a new analysis examines how changes in innovation within firms and a shortage of human capital in the United States in the fields of software and IT have driven U.S. multinational companies to establish and expand new innovation hubs abroad.