US Lead in Science and Technology Shrinking
Emerging Economies Shifting Global S&T Landscape
The United States' (U.S.) predominance in science and technology (S&T) eroded further during the last decade, as several Asian nations - particularly China and South Korea - rapidly increased their innovation capacities. According to a report released by the National Science Board (NSB), the policy making body of the National Science Foundation (NSF) and an advisor to the President and Congress, the major Asian economies, taken together, now perform a larger share of global R&D than the U.S., and China performs nearly as much of the world's high-tech manufacturing as the U.S.
Evidence in NSB's biennial report, Science and Engineering Indicators, which provides the most comprehensive federal information and analysis on the nation's position in S&T, makes it increasingly clear that the U.S., Japan, and Europe no longer monopolize the global R&D arena. Since 2001, the share of the world's R&D performed in the U.S. and Europe has decreased, respectively, from 37 percent to 30 percent and from 26 percent to 22 percent. In this same time period, the share of worldwide R&D performed by Asian countries grew from 25 percent to 34 percent. China led the Asian expansion, with its global share growing from just 4 percent to 15 percent during this period.
Read more on this report here:
or take a look at the 2014 volume of Science and Engineering Indicators here: http://www.nsf.gov/statistics/seind14/