Australian companies continue to increase their investment in research and development, but the growth rate has dropped dramatically, according to figures from the national Bureau of Statistics.
In the latest numbers available, companies pumped $16.86 billion into R&D in 2008-09. That’s a 13 percent increase over 2007-08.
However, the 2007-08 and 2006-07 R&D investment figures were 18 percent and 21 percent higher than their previous years, respectively. So even though the raw numbers are on the rise, it appears the world’s economic malaise gut-punched R&D as well.
To read the full, original article click on this link: World’s economic malaise gut-punches Australian R&D as new bill gets tabled | Anthill Magazine
Author: Jody Murray
