- 2012 R&D spending surpassed USD 1.1 trillion in OECD countries and stood at USD 330 billion in the BRIICS (Brazil, Russia, India, Indonesia, China and South Africa).
- Korea became the world’s most R&D intensive country in 2012, spending 4.36% of GDP on R&D, overtaking Israel (3.93%) and versus an OECD average of 2.40%.
- The BRIICS produced around 12% of the top-quality scientific publications in 2013, almost twice its share of a decade ago and compared to 28% in the United States.
- China and Korea are now the main destinations of scientific authors from the United States and experienced a net “brain gain” over 1996-2011.
- European countries are diverging in R&D as some move closer to their R&D/GDP targets (Denmark, Germany) and others (Portugal, Spain) fall further behind.
- In most countries, 10% to 20% of business R&D is funded with public money, using various investment instrumentsand government targets.
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Around the world, governments and businesses face a conundrum: high levels of youth unemployment and a shortage of job seekers with critical skills. How can a country successfully move its young people from education to employment? What are the challenges? Which interventions work? How can these be scaled up? This McKinsey Report and December 10th Webcast) can help answer those questions.
For more information, downloading the report and webcast registration (I already registered!) go to:
Trends Shaping Education//Les grandes mutations qui transforment l’education 2013. You can order your copy at the advanced sales price of EUR 7.75 until December 15 2012. Click here to order your copy.
This Economist article shares OECD’s projections for 2060 of GDP per person (at constant purchasing-power parities). The predictions show the impact of fast catch-up growth in underdeveloped countries with big populations. Highlights:
- Economic power will tilt even more decisively away from the rich world than many realise.
- In 2011 the current membership of the OECD made up 65% of global output, compared with a combined 24% for China and India.
- By 2060 the two Asian giants will have a 46% share of world GDP, the OECD members a shrunken 42%.
- India’s economy will be a bit bigger than America’s, China’s a lot.
- Americans will increase their lead over the citizens of some developed countries like France and Italy.