While the US and Japan remain leaders in global science and technology innovation, increased competition from growth markets, notably China, suggests a changing landscape. According to a new report by the Global Markets Institute at Goldman Sachs, research and development 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. The new geography of global innovation is further supported by the globalization of higher education, particular in science and engineering (S&E) fields.
To read the full, original article click on this link: New report: The new geography of global innovation | InnovationManagement
Author:
