The competition rhetoric is almost always linked with calls for increased investment in research. But as Argentino Pessoa of the University of Porto, among others, has pointed out, there is a slight negative correlation between R&D intensity and GDP growth?in other words, spending more on research doesn?t necessarily make you richer. Amar Bhide, in his book The Venturesome Economy, cites the example of Norway, which isn?t even in the top 20 countries ranked by share of scientific papers published, but has the highest labor productivity in the world.
Source: http://feeds.slate.com/click.phdo?i=ffe2647c53e9136660b7ba2f40f36cad
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