In 2012, the share of the emerging economies in the rivalry for foreign direct investment (FDI) exceeded that of the advanced economies, for the first time. At the same time, the United States, through still by far the largest recipient of such inflows, has been steadily losing ground to emerging economies. The United States has failed to live up to its promise in the innovation game in the past decade, as evidenced by recent data on R&D expenditures.
To read the original article: EconoMonitor : EconoMonitor » Global Innovation Is Shifting Toward China and Asia—Faster Than Anticipated
