By Chris Harris
The Poultry Site – The new wave of investment in R&D in developing nations follows a long period of decline, according to a report from the Agricultural Science and Technology Indicators group based in Italy.
In a recently published report, ASTI assessed the growth or decline in agricultural R&D spending from the start of the millennium until 2008. This study has shown a $5.6 billion or 22 per cent growth in agricultural research spending from $26 billion to $32 billion – an annual growth rate of 2.4 per cent.
The study shows that the positive outcome of the increase in spending is that most of it came from the developing nations. However, while these nations were spending more, the bulk of the investment was from middle income developing countries such as Brazil, China and India.