The new conditions make it imperative for the banking sector to change its business model The banking sector, just like the economy as a whole, has found itself up against unprecedented challenges and has had to deal with a number of factors that have affected its performance and generated conditions of uncertainty.
However, there is evidence that the R&D expenditures of multinationals have been increasing in some countries – indeed there have been recent high-profile examples of US firms, primarily in the ICT and Biopharmaceutical sectors, establishing R&D facilities in this country.