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This report analyzes the average annual growth rates of research and development (R&D) expenditures across three major regions from 1996 to 2007: the United States, the European Union (EU-27), and selected Asia-8 economies. The findings reveal trends and comparisons in investment strategies, highlighting the differing approaches to innovation and technology development across these regions during the specified period. Understanding these growth patterns provides insight into global R&D dynamics and their implications for future economic and technological advancements.
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Average annual growth of R&D expenditures for United States, EU-27, and selected Asia-8 economies: 1996–2007 EU = European Union