Innovate to beat global economic degeneration – IMF
April 1, 2016 8:22 am
To overcome sluggish global economic growth, the International Monetary Fund called for bolstering research and development to foster innovation.
The organization, in a report, said fiscal policy can play a vital role in promoting innovation through entrepreneurship, R&D, and technology transfer.
The IMF projected business in developed economies should invest 40% more in R&D, which could lift the gross domestic product of their respective nations by 05.0% in the long run and amplify growth in the global economy.
Only 13 nations have R&D spending that is above 2% of their GDP, including Australia, France, Germany, Japan, South KOrea, and the United States.
The material has been provided by InstaForex Company – www.instaforex.com
To overcome sluggish global economic growth, the International Monetary Fund called for bolstering research and development to foster innovation.
The organization, in a report, said fiscal policy can play a vital role in promoting innovation through entrepreneurship, R&D, and technology transfer.
The IMF projected business in developed economies should invest 40% more in R&D, which could lift the gross domestic product of their respective nations by 05.0% in the long run and amplify growth in the global economy.
Only 13 nations have R&D spending that is above 2% of their GDP, including Australia, France, Germany, Japan, South KOrea, and the United States.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: