4 r&d and innovation in industry charles f larson industrial research institute highlights investment by us has increased some 10 percent each of the past six years this growth pattern will decelerate 2001 area with highest rate over been basic or directed it is expected that also be less effective management technology have become a top priority for nations as well companies to stimulate economic development strengthen their competitiveness allocation new businesses seen key strategy firms most parts world introduction chapter reviews made recent indicates projection describes initiatives other countries summarizes results s iri annual trends forecast 30 funding extended its healthy 2000 making sixth consecutive