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OECD Science, Technology and Innovation Outlook 2016

image of OECD Science, Technology and Innovation Outlook 2016

The fully revamped and re-titled OECD Science, Technology and Innovation Outlook is a biennial publication that aims to inform policy makers and analysts on recent and future changes in global science, technology and innovation (STI) patterns and their potential implications on and for national and international STI policies. Based on the most recent data available, the report provides comparative analysis of new policies and instruments being used in OECD countries and a number of major emerging economies (including Brazil, China, India, Indonesia, the Russian Federation and South Africa) to boost the contribution of science and innovation to growth and to global and social challenges. In this edition, detailed country and policy profiles are available on line.

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Portugal

The Portuguese economy contracted in the wake of the global financial crisis, with investment in S&T decreasing in recent years. Significant action restored the sustainability of the public finances and stimulated growth from 2014 onward. For 2016 and 2017, moderate GDP growth is projected. However, job creation remains sluggish, and weak bank conditions have been holding back investment. In order to cope with these challenges, the new government, elected in October 2015, intends to make several adjustments to STI governance. Ongoing reforms are designed in line with the Commitment to Knowledge and Science agenda, approved by the Council of Ministers in 2016. Its four main dimensions address human resources, institutions, innovation systems and regional economic development.

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