Investigating trends at the world’s 1000 largest corporate R&D spenders.
Will Stronger Borders Weaken Innovation?
The flow of talent, investment, and ideas that has boosted companies’ global R&D efforts may soon be impeded by the rise of economic nationalism.
Economic nationalism is motivated by a range of intentions, many of which continue to be hotly debated. But there is an unintended consequence that has received less attention to date: As many politicians and policymakers in the world’s major economic powers look inward, the world of innovation has been thrown into uncertainty. The global innovation model long embraced by leading multinationals, one based on the free flow of information, money, and talent across borders, is at risk. The policies inspired by economic nationalism may prove self-defeating, in part by disrupting R&D activities for the new products and services that will generate the jobs, growth, and wealth of the future.
Global key findings
Global innovation model
Global Innovation 1000
52% of survey respondents said that economic nationalism will have a moderate or significant impact on their company’s R&D efforts.
The US, UK and China are most at risk from potential changes in policy that could impact R&D efforts. Canada, Germany and France are most likely to gain if protectionist policies became a long term reality.
Economic nationalism would result in the replacement of today’s integrated and interdependent network with more self-sufficient, fully-functioning R&D nodes. This could mean companies losing efficiency and taking on higher costs if it is not managed effectively.
The Global Innovation 1000 study analyses spending at the world's 1000 largest publicly listed corporate R&D spenders. The interactive data tool below lists the Top 25 largest corporate R&D spenders from the years 2011-2017 worldwide. You can use the tool to filter by year, company name, country, and industry group to view R&D expenditures, Revenue, and R&D intensity (R&D expenditure as a percentage of Revenue). In order to see the complete list of Top 1000 corporate R&D spenders from the years 2011-2017 see the "Download the Data" section. Click here for the methodology.
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Strategy&’s 2017 Global Innovation 1000 study Methodology