Incredible shrinking research dollar


  • Anonymous


The U.S. Congress is using an ax; the private sector is using scissors. Either way, the U.S. research dollar is being pruned, according to a report from the National Science Foundation (NSF). Though U.S. spending on R&D is expected to top $171 billion in 1995—$2 billion more than in 1994—the total represents a 2% drop when weighed against inflation. R&D will account for 2.4% of the U.S. gross domestic product in 1995, down from 2.5% last year and 2.8% in 1991.