Marjory Blumenthal, RAND
Max Stier, Partnership for Public Service

Moderators: Stephen Merrill, The Center for Innovation Policy at Duke Law
Stuart Benjamin, Duke Law School, The Center for Innovation Policy at Duke Law

Government data and research point to a long decline in US corporate investment in upstream research. At the same time, the ratio of federal government R&D spending to GDP is at its lowest level since the early 1950s. How pervasive are these trends across countries, fields, technologies, industries, and firms of different sizes? Are corporate trends explained by global competition, financial market pressures, or other factors? Are there reasons policymakers should be concerned?