R&D spending is a major component of intangible investments from "summary" of Capitalism without Capital by Jonathan Haskel,Stian Westlake
Research and development (R&D) spending plays a crucial role in the realm of intangible investments. When we think of investments, we often picture tangible assets like buildings or machinery. However, in today's economy, intangible assets have taken center stage. These assets, such as intellectual property, software, and branding, are increasingly vital for companies seeking to remain competitive in the market.
R&D spending is a significant component of intangible investments because it involves the creation of new knowledge and ideas. Companies that invest in R&D are essentially investing in their future growth and innovation capabilities. By allocating resources to R&D activities, firms can develop new products, services, and processes that set them apart from their competitors.
Moreover, R&D spending...
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