CON­CERN AR­EAS

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Nearly 33% of R&D ex­ec­u­tives sur­veyed re­port that they have al­ready felt the ef­fects of eco­nomic na­tion­al­ism on their R&D tal­ent ac­qui­si­tion or re­ten­tion be­cause of visa or work re­stric­tions — ei­ther los­ing em­ploy­ees, see­ing less tal­ent avail­able or in hir­ing more lo­cal tal­ent.

Al­though nearly 66% of all par­tic­i­pants sur­veyed say they have not ex­pe­ri­enced pres­sure to change their ap­proach to in­no­va­tion in their head­quar­ters coun­try to date, 23% say they have al­ready ex­pe­ri­enced such pres­sure in an­other coun­try.

Al­most 50% of the com­pa­nies in North Amer­ica plan to make changes to their R&D pro­grams over the next two years in re­sponse to the chang­ing po­lit­i­cal en­vi­ron­ment.

Sur­vey par­tic­i­pants be­lieved US, UK, and China could be most at risk from po­ten­tial changes in pol­icy that could im­pact R&D in­vest­ment. Both the US and UK’s tal­ent flow could be at risk of po­ten­tial dis­rup­tion while China’s de­cline in cor­po­rate R&D spend­ing and re­liance on R&D in­vest­ment from abroad could be at risk. Canada, Ger­many, and France are likely to gain if pro­tec­tion­ist poli­cies broadly be­come a re­al­ity.

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