The United States remains the world's leader in science and technology, based on factors such as gross dollars spent, relative spending on research, research articles published, and patents granted, according to the National Science Board's biennial report on science and engineering. The report says the U.S. accounted for nearly one third of the $1.1 trillion spent on research and development (R&D) worldwide in 2007.
From 1998 to 2007, R&D spending grew between five and six percent annually in the United States, Japan, and the European Union. However, R&D spending in India, South Korea, and Taiwan grew an average of nine to 10 percent per year during that period, and Chinese spending grew by more than 20 percent per year.
Out of approximately 760,000 research articles published in 2008, 25 percent were written by U.S. researchers. Chinese scientists published about eight percent of the research articles, up from one percent in 1988. U.S.-based inventors accounted for 49 percent of the patents granted in 2008, down from 55 percent in 1995.
From The Wall Street Journal
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