As we enter 1999, the mood of top U.S. industrial research managers is one of caution. Expenditures for R&D will keep rising but the increases will not be as sharp or as widespread as they were during the last few years, according to the annual survey of the Industrial Research Institute (IRI) in Washington, D.C.
Each graph below shows the percent of IRI respondents expecting increases of more than five percent.
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Manufacturing in the United States is in trouble. That's bad news not just for the country's economy but for the future of innovation.
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