Aussies Look to Finnish Innovation Model
Posted on February 17, 2007 Comments (2)
Finland’s research and development spend accounts for 3.5 per cent of its gross domestic product (GDP), a higher percentage than that of most European Union nations. It intends to lift this percentage to four per cent by 2010. Australia’s spending on research in comparison was 1.8 per cent of GDP in 2004/05, below the Organisation for Economic Cooperation and Development (OECD) average of 2.3 per cent.
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