In 2013 the top 2,000 firms spending money on Research & Development included:
118 from the UK; 668 for the USA; & 119 from China....
a decade later: in the top 2,000;
63 from the UK (just above half); 681 from the USA (a small increase); and 524 from China (over four times as many).
From which we might conclude that part of the UK's economic doldrums stem from a declining interest in R&D, perhaps because UK managers are too busy feathering their own nests?
[#]productivity #investment
h/t FT
=> More informations about this toot | More toots from ChrisMayLA6@zirk.us
@ChrisMayLA6 And businesses owned by investment companies that want to see increased share value now, not sustained growth into the future. Vapourware is much more valuable to them than future profits.
=> More informations about this toot | More toots from TerryBTwo@ohai.social
@ChrisMayLA6 as always, on the nose!
=> More informations about this toot | More toots from Palky55@mas.to
@ChrisMayLA6 Sounds about right for the UK.
But also note the stasis in America, coasting along, paying more attention to marketing and respraying and accounting tricks than innovation.
Unlike China, where govt & private firms have (by Western standards) comprehensive tiers of researchers, being pushed to innovate, patent, and scale up rapidly.
Haven’t read the FT article, what are the EU, Indian, and Asean+Japan numbers?
=> More informations about this toot | More toots from BashStKid@mastodon.online
@ChrisMayLA6 Maybe increasing Corporation Tax would help with this, currently a company with £100 spare can chose to take out £75 and pay £ 25 tax, or invest £100 in R&D, if the tax was (much) higher there would be more incentive to re-invest over giving the money to shareholders etc.
=> More informations about this toot | More toots from imbrium_photography@mastodon.social This content has been proxied by September (ba2dc).Proxy Information
text/gemini