US Science and Technology Competitiveness: Progress and Challenges in a Global Race

R&D Investment Chart : Shows how the US compares to other leading countries in research and development spending as a percentage of GDP. This visualizes how countries like South Korea and Israel are outspending the US proportionally while the US federal R&D funding stands near a 60-year low when measured as a share of the overall economy Economicstrategygroup US Science and Technology Competitiveness: Progress and Challenges in a Global Race April 3, 2025 The United States finds itself at a critical juncture in the global race for scientific and technological supremacy. Recent legislation and executive actions have attempted to reverse decades of declining international competitiveness, but experts warn that significant challenges remain as other nations continue to aggressively invest in their STEM ecosystems. CHIPS and Science Act Shows Early Progress The landmark CHIPS and Science Act of 2022, which allocated $54 billion for domestic semiconductor manufactur...