The lecturer of University of Tehran:

$2 Trillion Investment in R & D in the World/ Asia; the Highest Growth in R & D Investment

Friday, December 15, 2017 - 00:19

The secretary of Iran Urban Economics Scientific Association has stated that global investment in research and development (R & D) grew by 3.5% in 2016 to nearly $2 trillion and the highest rates were for the United States, Japan, China, Germany and South Korea.

According to an ISCA report, Seyed Mohsen Tabatabaei Mozdabadi explained that the importance and the position of knowledge is increasing in economic arena, and continued that in 1999, the World Bank (WB) launched Knowledge for Development Project, which sought to inform the importance of knowledge in the process of community development to managers, politicians and public opinion.

Referring that currently, more than 50 percent of the GDP of the developed countries has been shifted from baseline activities to knowledge based activities, he further said reports show that global investment in research and development (R & D) grew by 3.5 percent in 2016 to nearly $ 2 trillion and as expected, the highest rates were for the United States, Japan, China, Germany and South Korea.

As he said, during recent years, Asian countries have had the highest growth in R & D investment, accounting for 40% of the global share of those countries.

At micro scale, large corporations and organizations also contribute significantly to the cost of research and development for the continuous process of production and knowledge retrieval, he further said.

It is interesting to know that Amazon has more than $ 16 billion in 2016, and Samsung has invested $ 13 billion in research and development, he added.

Referring to the share of R&D in Iran’s economy, the lecturer of University of Tehran said according to the vision document in 1404, we must see a 4-percent share of the country’s gross domestic product GDP.

Emphasizing that today, the startups have changed the economic environment of our country as a symbol of the advent of knowledge and new technologies in the economic field; he said if economic activists, managers and decision makers do not care about the changes in knowledge based of the economy, they cannot be effective in the global economy’s competitive environment, and it is even possible that the current situation will be undermined.

Opinions


Popular News

Latest News