| Related: Either China or the US has the largest overall PPP-adjusted R&D budget in the world. (The US data here is 2016 while China’s is 2018 so it’s hard to tell exactly.) China’s investment is about the same % of its GDP as France’s. Others in the top five are the EU, Japan, and Germany, followed closely by South Korea. South Korea invests the most as a percentage of GDP. All of the “Asian Tigers”, South Korea, Taiwan, Hong Kong, and Singapore, appear to have been invested heavily in R&D as a % of GDP (European level or higher) for a long time, and they were the only ones in Asia crossing from third-world to first-world status after Japan, which did the same before that. https://en.m.wikipedia.org/wiki/List_of_countries_by_researc... Few places managed to join the developed nation status in the last half century. Chile is arguably the only other example. |
However a mining corporation developing a new coal mine site counts that under their R&D budget - it is development. And I suspect the 'development' part of R&D is both substantial and possibly defined differently in different parts of the world with different norms depending on the industry.
I'm neither agreeing nor disagreeing, but this evidence is unreliable. It might be a straight proxy for industrial development.