Source: OECD Science, Technology and Industry Scoreboard 2009The data in this report is generally from 2007, but there is a lot on the effect of the global economic crisis. Here are some paragraphs from the Highlights report:
Research and development (R&D) expenditures are among the first to be cut during recessions. Preliminary data suggest that companies have reduced their R&D investment in the aftermath of the crisis. Companies quoted on the New York Stock Exchange report a reduction of about 7% in their R&D expenditures in the first quarter of 2009, with a slight increase in the subsequent quarter. The semiconductor industry, which is at the core of the information and communication technology (ICT) industries, appears particularly affected by the recession, with a drop in R&D over the first semester of 2009 exceeding 13%.....
Innovation will be also negatively affected by the drop in foreign direct investment (FDI) due to the crisis. FDI inflows to G7 countries dropped by 25% in 2008. In the first quarter of 2009 the decrease accelerated in Canada (–97%), Germany (–67%), Italy (–41%), Japan (–59%) and the United States (–63%). On the contrary, FDI inflows to the United Kingdom more than doubled in the first quarter of 2009, back to the same level as the previous year.....
In 2004-06, the United States confirmed its world leadership in medical technologies,
accounting for almost half of patented inventions worldwide, twice as many as the European Union. Israel accounted for 2.7%, twice its share in total patents (1.3%). Additionally, the United States had more than 42% of pharmaceutical patents in the mid-2000s. China and India together accounted for nearly 5% of patents in pharmaceuticals over the period.
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