"We're entering into uncharted territory,"
"No one knows what it looks like when the U.S. is not the dominant spender because there is no analogue."
"There is no model to predict what's going to happen next,"
"The United States' federal R&D investments have been more or less flat for the better part of the last 20 years"
Organisation for Economic Co-operation and Development data through 2023 indicate China is on track to eclipse the United States in total research and development spending when private, government, higher education, and nonprofit funding are combined. 2023 inflation-adjusted figures show the U.S. spent just over $800 billion and China just under that amount, with other countries far behind. U.S. federal R&D funding has been largely flat for roughly two decades after adjusting for inflation. Potential federal cuts under the current administration could tighten domestic investment and may prompt increased mobility of American researchers abroad.
Read at Inside Higher Ed | Higher Education News, Events and Jobs
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