By Alex Berezow and Hank Campbell, Special to CNN
Editor’s note: Alex Berezow is the editor of RealClearScience. Hank Campbell is founder of Science 2.0. They are authors of the forthcoming book Science Left Behind. The views expressed are their own.
On Global Public Square last month, Fareed Zakaria made the case that the U.S. economy is struggling in part due to poor investment in science. He based this conclusion on two claims: First, that federal research and development (R&D) investment has declined over the past several years and, second, that American students have fallen behind in science education.
The first claim, while true, only tells part of the story. As we discuss in the upcoming Science Left Behind, American R&D investment has been relatively consistent for the past 30 years, never dropping below 2.3 percent of GDP. Though the federal portion of U.S. R&D investment has fallen during this period, the private sector has actually picked up the slack. Indeed, the most recent estimate for 2012 shows that the U.S. will spend approximately 2.85 percent of its GDP on R&D.