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Monday, November 3, 2008

Innovation by USA on the Decline

From the Enterprise Innovation Institute Blog
October 20, 2008
U.S. Innovation: On the Skids?

High-tech-indicators The economic downturn has focused renewed interest on U.S. economic competitiveness, including the role that research and development plays in international technological leadership. That has produced new visibility for the results of a long-term study of international competitiveness done by Georgia Tech's Technology Policy and Assessment Center.

The Center's newest study, which was released in January 2008, evaluated the "technological standing" of 33 countries and suggested that China will soon pass the United States in the critical ability to develop basic science and technology, turn those developments into products and services, and then market them to the world.

"The pattern is inexorable," says Alan Porter, one of the authors of the study. "China is coming up strongly, and it's in high-tech areas, not just cheap consumer goods." Porter is quoted in an article published October 20 in ComputerWorld. The January 2008 Georgia Tech news release on the study is available in the Georgia Tech News Room.

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