For a century, the major economies of Western Europe, the United States and Japan have dominated innovation. Today, they have been joined by large emerging economies, spearheaded by China.
We can measure innovation by output indicators, such as patents, that tell us about past success, and input indicators, such as research and development (R&D), which reflect the willingness to invest into the future. In both cases, global innovation is under rapid transformation.
image: http://www.freedigitalphotos.net
