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The Lack of Local Large Corporations as an Important Explanation for the Low Level of Generation of Technology in Latin America
- Source :
- Procedia - Social and Behavioral Sciences. :89-96
- Publisher :
- Published by Elsevier Ltd.
-
Abstract
- The objective of this paper is to show that the great inducer of R&D in the world is the large company and this fact is an important issue for Latin American countries because this continent has a small number of really large companies. Despite representing approximately 8.5% of the world population, Latin America as a whole, corresponds to 1.2% of the total invested globally in Research and Technology. In other words in 2011 the world invested 1.4 trillion dollars and Latin America as a whole only 17 billion dollars. In other important countries these figures are invested mostly by large companiessuch as the USA that has 27% of the 500 largest companies in the world and is responsible for 33% of the world expenditure in R&D and has more than 50% of the total patents registered in USPTO- United State patent Trade Office.
Details
- Language :
- English
- ISSN :
- 18770428
- Database :
- OpenAIRE
- Journal :
- Procedia - Social and Behavioral Sciences
- Accession number :
- edsair.doi.dedup.....3105cc1d12e73b3530beedf061a9eb1f
- Full Text :
- https://doi.org/10.1016/j.sbspro.2015.04.869