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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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Russian Federation

The Russian economy has been in recession since 2015, due to falling oil prices, international sanctions and capital flight, which together have reduced investment, domestic consumption and imports. Growth is projected to turn positive in 2017, as exports strengthen and domestic demand recovers. The Russian government aims to revitalise the country’s long-standing strengths in science and technology in an effort to diversify the economy and reduce its reliance on natural resources. In 2015, amidst the economic downturn, the Innovation Development Strategy of the Russian Federation to 2020, adopted in 2011, was revised to address the economy’s weaknesses by strengthening science, technology and innovation. A new strategic document, "Long-term Strategy for Scientific and Technological Development of the Russian Federation", is expected in late 2016 and will orient the national research and innovation agenda for the coming years.

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