Tehran (ISNA) - Mentioning that global investment in research and development (R & D) grew by 3.5% in 2016 to nearly $ 2 trillion, the secretary of Iran Urban Economics Scientific Association said, as expected the highest rates were for the United States, Japan, China, Germany and South Korea.

Noting that the importance and position of knowledge is increasing in economic arena, the secretary of Iran Urban Economics Scientific Association Seyed Mohsen Tabatabaei Mozdabadi said, in 1999 the World Bank launched Knowledge for Development Project, which sought to inform the importance of knowledge in the process of community development to managers, politicians and public opinion.

Referring that currently, more than 50 percent of the GDP of the developed countries has been shifted from baseline activities to knowledge based activities, he further said, “Reports show that global investment in research and development (R & D) grew by 3.5 percent in 2016 to nearly $ 2 trillion and as expected, the highest rates were for the United States, Japan, China, Germany and South Korea”.

“In recent years, Asian countries have had the highest growth in R & D investment, accounting for 40% of the global share of those countries,” Tabatabaei added.

“At micro scale, large corporations and organizations also contribute significantly to the cost of research and development for the continuous process of production and knowledge retrieval,” he went on to say.

“It is interesting to know that Amazon has more than $ 16 billion in 2016, and Samsung has invested $ 13 billion in research and development,” the lecturer of University of Tehran added.

Referring to the share of R&D in Iran’s economy, he said, “According to the vision document in 1404, we must see a 4 percent share of the country’s GDP”.

Emphasizing that today, the startups have changed the economic environment of our country as a symbol of the advent of knowledge and new technologies in the economic field, he said, “If economic activists, managers and decision makers do not care about the changes in knowledge based of the economy, they cannot be effective in the global economy’s competitive environment, and it is even possible that the current situation will be undermined”.

Source : ISNA

News ID : 96092614341