Why R&D Spending has Almost No Correlation to Innovation

Why R&D Spending has Almost No Correlation to Innovation

By Discovery Lean Six Sigma

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A newly released infographic by Visual Capitalist shows that while the US leads in the amount of dollars spent on research and development ($463 billion), it only came in fourth place with the percentage of GDP spent on R&D (2.79 percent), just over half of the GDP percentage invested by South Korea. Beyond Korea, the US is trailing Japan and Germany.



Original: http://innovationexcellence.com/blog/2017/11/27/why-rd-spending-has-almost-no-correlation-to-innovation/
By: Yoram Solomon
Posted: November 27, 2017, 3:25 pm

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