"As business becomes increasingly global, corporate innovation
strategies are becoming more global as well: Multinational companies
are spending a significant — and growing — share of their research and
development money outside the countries in which they are
headquartered. Booz & Company’s annual Global Innovation 1000 study
found that in 2007, the top 80 U.S. corporate R&D spenders deployed
an estimated US$80.1 billion of their $146 billion R&D funds
overseas. The top 50 European companies spent $51.4 billion of their
$117 billion total outside the continent. In Japan, the top 43 Japanese
firms exported $40.4 billion of their total $71.6 billion to other
countries."
Booz Annual survey of R&D spend
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