Asia’s largest economies—led by China, Japan, and South Korea—now perform a larger share of global R&D than the United States, whose high-tech manufacturing activity is now nearly matched by China’s, the policy making body of the U.S. National Science Foundation (NSF) concluded.
The NSF’s National Science Board (NSB) yesterday released an updated edition of its biennial Science & Engineering Indicators report—the latest of several reports to warn of slipping American dominance in science & technology activity. Last month a team of researchers published a study in the New England Journal of Medicine that the U.S.’ global share of biomedical research spending declined—from 51% in 2007 to 45% in 2012—as spending fell during the period when adjusted for inflation from $131 billion to $119 billion.
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