R&D Expenditure – Conditioning Factor of Increasing Competitiveness – Indicators and Trends

The availability of the financial resources necessary for intensive and lasting support of the innovation process is one of the indispensable conditions for increasing competitiveness. Considering the high technical progress, a high level of R&D expenditures must also be taken into account because only with such a level can the maintenance of technological competitiveness be ensured, a reality confirmed by the electronic and electrotechnical industry. The existence of strong request directs R&D activities toward the realization of the innovations, necessary to satisfy it. In this context, the innovation process becomes only the technology bearer and the allocation of resources becomes a sine qua noncondition for the application of the most efficient technologies.