STOCKHOLM—The Swedish government hopes to increase its budget for research and development by $180 million over the next three years. The 3 percent increase will raise its R&D spending, already among the highest in the world at a rate of 2.7 percent of Gross National Product, to $5.7 billion. Nearly one-half of the new money will go into higher education, new research posts and professorships. The government will also push ahead with its controversial plan to compel commercial banks to contribute money to research.
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