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Sunday, April 19, 2009 Y 12:10 AM  Using economic analysis,explain why the S'pore govt is increasing its spending on RnD. plan plan plan:  INTRO: define RND- creative work undertaken on a systematic basis in order to increase the stock of knowledge, including knowledge of man, culture and society, and the use of this stock of knowledge to devise new applications Research and development is nowadays of great importance in business as the level of competition, production processes and methods are rapidly increasing. It is of special importance in the field of Marketing where companies keep an eagle eye on competitors and customers in order to keep pace with modern trends and analyze the needs, demands and desires of their customers. (some statistics regarding RnD) Long-term trends Since 2000, R&D expenditure relative to GDP (R&D intensity) has increased in Japan, and it has decreased slightly in the United States. In 2004 and 2005, Sweden, Finland, and Japan were the only three OECD countries in which the R&D-to-GDP ratio exceeded 3%, well above the OECD average of 2.3%. Since the mid-1990s, R&D expenditure (in real terms) has been growing the fastest in Iceland and Turkey, both with average annual growth rates above 10%. R&D expenditure for China has been growing even faster than GDP, resulting in a rapidly increasing R&D intensity, growing from 0.9% in 2000 to 1.4% in 2006. body to be continued........... done by the 09s417 real mugger xinyi((:
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colourful HELLOS PEEPS! this is 09S417 econs-addicts blog! Click here if you want to leave. ongoing WE ARE 09S417 Adarrel Daniel Dionne Dorothy Fairul Fairuz Geraldine Haneef Huwaina Jarren Joshua Karishma Khairiah Ming Yang Rahimah Salihin Shu Wen Siddiq Syamimi Xiao Qi Xin Yi Zhi Han Zhi Yin into our past April 2009 May 2009 APPLAUSE basecodes by: detonatedlove/♥s} images: photobucket designer: /♥s}xinyi} |