Investor Presentaiton

Change in R&D Investments Compound Annual Growth Rate in R&D Expenditures, 1985-1998 R&D Spending as Share of GDP, 1998 4.5% Sweden 4.0% 3.5% 3.0% Japan South Korea USA 2.5% Germany Israel France 2.0% UK Australia Singapore 1.5% Ireland Canada NEW ZEALAND 1.0% Italy 0.5% 0.0% 0% 5% 10% 15% 20% 25% R&D Expenditures, CAGR, 1985 - 1998 Source: US Competitiveness 2001: Strengths, Vulnerabilities, and Innovation Priorities Report; Global Competitiveness Report 2000 CAON New Zealand Presentation 08-04-01 CK 33 Copyright © 2001 Professor Michael E. Porter

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