Equally, to promote new sources of growth in the future, overall investment in R&D should reach 3% of GDP each year. Further targets under the strategy are aimed at limiting climate change in line with previously agreed targets, increasing educational attainment and reducing poverty.
These advances have made possible the development of new markets and products that are widely relied upon by both financial and nonfinancial firms, and that in turn have helped to promote the adoption of the best risk measurement and management practices. They have also made the practice of risk management far more sophisticated and complex.