China and South Korea will displace the West as the world’s innovation leaders by 2029

IAM ^ | July 18, 2018 | Timothy Au

[2ndDivisionVet]

the United States takes action now to improve its innovation and commercialisation processes, it will lose its leading position by all measures of innovation by 2029, the authors of a new report have claimed. The outlook is similarly gloomy for the EU and the UK, with the study predicting that East Asian countries – mainly China and South Korea – are set to race past their western counterparts in patent grant numbers, patent quality growth, and return on R&D spend, among other metrics.

Jointly produced by the Center for Advancing Innovation (CAI) and PatSnap, the Innovation Arms Race 2018 report analyses a number of innovation indicators – such as patent effectiveness, patent efficiency and patent grants per capita - to determine which countries are the current, and will be the future, global innovation leaders. Among several important revelations, it finds that the US, EU and UK are clearly trailing behind as countries from Asia outperform those in the West.

On pure application volumes, the US and EU are still major players, but they have long since lost the leading position to China, which became the top filing destination back in 2011. Both were then overtaken by China by total number of grants in 2015, while also continuing to lag in growth compared to East Asia as a whole. As seen in the graph below, it is forecast that the gap between China and the US will expand at an exponential rate, while South Korea is also set to overtake the US by number of patents issued within the next two decades. India, Israel and Singapore, however, are the countries expected to experience the highest growth in patent grants through 2035.....

[ckilmer]

I learned recently that portugal had one of the greatest libraries in the world—which contained all the works of their early explorers and more.

but it was destroyed sometime in the 1700’s by an earthquake/tsunami.

The silver mines of bolivia which provided the currency for europe and china for two centuries —ran out about 1750—and the iberian penninsula went into relative decline.

a good book to read on this kind of forgotten history is—1493 by Charles Mann. The book sure changed the way I think.

[SunkenCiv]

How? Have they found someone new to copy? Thanks 2ndDivisionVet.