New Geography of Global Innovation: A report from the Goldman Sachs Global Markets Institute says student interest in science & engineering (S&E ) is low in G-7 countries, suggesting that these markets are likely to have difficulty replacing an ageing cohort of native-born scientists and engineers.
The G-7 or Group of Seven countries are: Canada, France, Germany, Italy, Japan, United Kingdom, and United States.
The report says while the United States and Japan remain leaders in innovation, increased competition from growth markets, notably China, suggests a changing landscape. Research and development (R&D) spending in Asia surpassed EU levels in 2005, and is likely to overtake US levels in the next five years, thanks primarily to striking growth in R&D investment in China. R&D investment is driven largely by the corporate sector, which finances more than two-thirds of total R&D spending in many countries.
To read the full, original article click on this link: New Geography of Global Innovation: Low student interest in science & engineering a challenge for G-7 countries
Author: Michael Hennigan
