PH second to the last in R&D spending in East Asia and Pacific

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new data tool showing the leaders and emerging players in research and development (R&D). r&D Unfortunately for the Philippines, it fared poorly in the survey with the country coming out just slightly ahead of neighboring Indonesia, which placed last in the East Asia and Pacific region. ?Innovation is key to achieving each of the Sustainable Development Goals (SDG). So it is essential to track R&D investment in the knowledge, technology and thinking that drives innovation in countries,? said Silvia Montoya, director of the Unesco Institute for Statistics. SDG 9 calls on governments to promote sustainable industrialization and innovation by ramping up spending on R&D and increasing the number of researchers. The top five R&D performers in absolute terms (R&D expenditure) are all large economies: United States followed by China, Japan, Germany, and South Korea. But the ranking changes dramatically according to the data that will be used to monitor SDG 9 (R&D expenditure as a percentage of GDP): South Korea is the world leader followed by Israel, Japan, Finland, and Sweden. Regions have been setting their own spending targets for some time: the best-known being the European Union (EU) target to raise overall R&D investment to 3% of GDP by 2020. According to UIS data, only six countries worldwide have managed to surpass the 3% target, and three are smaller EU economies: Denmark, Finland and Sweden. These, in turn, lag behind Japan with 3.6% and Israel with an impressive 4.1%. And all of them trail behind South Korea ? the world leader ? with 4.3%. Austria, Germany, and Switzerland hover around 3% as does the biggest spender of all: the United States. Few countries in other regions compete with these proportions. In Central and Eastern Europe, Slovenia leads with 2.4% compared to the Russian Federation at 1.2%. In Central Asia, the figure hovers around 0.2%, as in the case for Kazakhstan. Morocco tops the league in the Arab States with just 0.7%. Brazil is the leader in Latin America, with 1.2%, while India leads in South and West Asia with 0.8%. In Africa, the African Union is aiming for 1%, but only Kenya, Mali and South Africa approach the target. China is achieving an astonishing average annual growth rate of 18.3% in R&D spending, compared to just 1.4% across the rest of the world?s upper-middle-income countries, according to UIS data. China?s R&D spending only amounts to 2% of its GDP, but this means that the country is pouring about $369 billion into this sector each year. As the share of global R&D expenditure by high-income countries fell from 88% in 1996 to 69.3% by 2013, China alone filled that gap, increasing its share from 2.5% to 19.6%. This means that China is increasingly approaching the United States, which accounts for almost 30% of global R&D expenditure. Globally, there were almost 1,083 researchers for every one million people in 2013. However, the share of researchers in middle-income countries, excluding China, fell from 17% to 15% between 1996 and 2013? a worrying downward trend with global implications for sustainable development. ]]>

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