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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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United Kingdom

The United Kingdom is a very open and globalised economy, and its STI system enjoys a good level of funding and participation by foreign firms. Although unemployment rates have fallen to 5% in 2016, the results of the Brexit referendum have raised uncertainty regarding economic growth. Brexit comes after several years of very sluggish labour productivity growth . The Productivity Plan, Fixing the Foundations: Creating a More Prosperous Nation (2015), sets out a policy agenda to boost the UK's productivity growth, and the Competition Plan, A Better Deal: Boosting Competition to Bring Down Bills for Families and Firms (2015), aims to incentivise firms to invest in technology and to innovate. Maintaining research excellence, promoting innovation and strengthening the interface between universities and industry are major focus areas of new national strategies for productivity and competitiveness. These cross-governmental strategies have been complemented by a number of important recent reviews focused on specific aspects of the UK STI system, including the public research funding agencies and university-business collaborations. These reviews are providing the stimulus for significant structural changes in the governance and management, as well as the focus, of public investment in STI.

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