Identify a true statement about the globalization of research and development (R&D) .

A) In Asia, R&D is increasing at a rate faster than the growth of countries' gross domestic product (GDP) .
B) Japan represents more than 50 percent of global spending on R&D.
C) In the United States, nearly 70 percent of R&D is funded by the government.
D) Private businesses are not allowed to invest in R&D.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness and interdependence of the world's markets and businesses.

Research And Development (R&D)

The process of investigating and creating new products and services or improving existing ones through innovations.

Gross Domestic Product (GDP)

The total market value of all final goods and services produced within a country in a given period, used as a broad measure of a nation's overall economic activity.