Role of Research and Development in the 21st Century

Abstract

For the countries the importance of Research and Development has increased lately. In order to strengthened the economy of that given country more input are needed towards to these direction. Those countries that support researches could achieve higher GDP, which is an important issue. So these questions stepped into spotlight to try to close up the gap between the different levels of development. In the fist part of the paper the current EU Regulation was in spotlight. An observation was made to point out the lower R&D role than desired by the EU itself. With calculations of the different origin of sources and their relationship with the GDP per person we would like to point out the importance of the research and investment level in the future growing.

Keywords

• R&D
• Efficiency
• GDP
• Business sources