A new study by the Democratic Leadership Council predicts that American investment in research and development will decline by its highest rate in thirty years. In 2009, R&D spending is anticipated to drop 2.4%.
To put American R&D spending in perspective, see the chart below:
Today, U.S. R&D spending accounts for only 2.5% of its GDP. In Sweden, Finland, Japan and South Korea, R&D spending accounts for in over 3% of national economic output.
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