ers from a lack of government support even though the situation has improved

Ers from a lack of government support even though the

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ers from a lack of government support, even though the situation has improved radically over the past eight years. Recent measures like the law on innovation (2004) and its consequences, such as the refurbishing of tax-incentive legislation and the introduction of a policy of subsidies, are expected to have a big impact on industrial R&D. These measures fall within the framework of the national Industry, Technology and Trade Policy (PITCE) adopted in 2003. The emergence of the National Bank for Economic and Social Development (BNDES) as a funding source for technological development and industrial R&D is, possibly, the most important boost for industrial R&D in the country for many years. The other reason why taxpayer money should finance R&D seems far more popular nowadays than the first reason evoked above: the more knowledge a society obtains by employing the scientific method, the richer it becomes. This utilitarian view has strong appeal, especially since the discovery of the genome and atomic energy, and the invention of the transistor and Internet. The largest gap of all with the OECD countries concerns business spending on R&D.
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The challenge calls for much more e ff ective policy instruments than those employed thus far by the Brazilian state. Moreover, these must not be confined to financial instruments, such as government subsidies, tax breaks and procurement policies, but should also encompass the legal and political instruments necessary to create an environment conducive to private investment in R&D.
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  • Spring '16
  • k s thakur
  • Deficit, Inflation, FIFA World Cup, Patent Cooperation Treaty

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