GLOBAL: Invest now in R&D to profit from the crisis says OECD
June 1st, 2009
By Alan Osborn
The world economic crisis has already begun to affect innovation and research in the better-off countries but this may not be all bad news says the Organisation for Economic Co-operation and Development (OECD), the association of the world's 30 leading economies.
One way of looking at the downturn is to see it as a "creative destruction" that could witness the birth of new hi-tech giants and offer greatly increased potential for today's technological leaders, says the OECD. The key is R&D spending.
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