Stimulus Winners and Losers

Tim Studt Editor in Chief

According to a recent report, “Investing in Innovation for Long-Term Growth,” by the Organization for Economic Cooperation and Development (OECD), the global economic downturn has begun to affect innovation as measured by reduced industrial investment in R&D and a smaller number of recent patent filings. The June 2009 report notes, however, that the downturn can “magnify the competitive advantage of research-intense firms who seize the opportunity to reinforce market leadership through increased spending on innovation and R&D.”...continue