Each year at this time, I look forward to the annual Battelle-R&D Magazine research and development forecast. This year, total R&D expenditures in the United States are expected to increase about 3.5 percent to $285.6 billion in 2002. Nevertheless, the report points out that three significant factors have combined to exert influence on the state of R&D funding for the upcoming year.
The three factors include the change in presidential administration, the faltering economy and the events and aftermath of the Sept. 11 terrorist attacks.