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Israel and Korea Lead in R & D Investment From Ocde, Colombia and Costa Rica
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Colombia allocates around 0.3% of GDP to R & D, a level well below the block average. The government has sought to raise this indicator with innovation-oriented regulations
·Bogotá, Colombia
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The overall map of research and development (R & D) spending within the OECD confirms a persistent gap: while Israel and South Korea maintain record levels of investment relative to the size of their economies, several Latin American economies of the bloc remain among those of lower intensity. In 2022, the R & D intensity of the OECD area was 2.7% of GDP, with Israel and Korea at the top with approximately 6% and 5.2% of GDP, respectively. The U…
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