"Research and Development" is the segment of a company where discoveries and product breakthroughs happen. Sometimes this department gets the short end of the budget because there's no guarantee that there will be a resulting profit any time soon (like next quarter) - but innovation is essential to the long-term growth of any company that involves design or engineering.
Bloomberg reports significant innovation being done at Samsung (So. Korea) and Nokia (Finland) and others, but global investors are most focused on American business innovation this year at the World Economic Forum in Davos, Switzerland.
CEO of Audi (Germany) says his company does all its work on automatic driving systems in America because "there is more freedom . . to do it." An economics prof in California says that "the best thing a government can do to promote innovation is get out of the way." Apparently Germany's regulations inhibit innovation in this area of R & D.
CEO of Merck (Germany) says, "No country on earth is investing as much in innovation" as the U.S.
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