Study recommends increasing the effectiveness of R&D investments in Brazil
Contrary to popular belief, Brazil’s investment in research and development (R&D) is far from being considered insufficient, taking into account its level of development. That is what a recent FGV study shows, titled “Inovação e tecnologia no Brasil: Desafios e insumos para o desenvolvimento de políticas públicas” [Innovation and technology in Brazil: Challenges and inputs for the development of public policies].
According to the study, Brazil needs to speed up its technological development and increase its innovation rate to add value to its production. The country has been paying a high price for its technological backwardness. Meanwhile, Brazil’s investments in R&D have continuously increased over the last 15 years, as compared to other countries. However, the results of this effort have been limited in terms of innovation and productivity. The study therefore recommends increasing the effectiveness of R&D investments in Brazil.
The complete study is available on the website.