Economy
Abstract
Among the “right circumstances” that encourage innovative behavior, one of the most important factors is the economy. The three key measures of economy that impact technological innovation are R&D expenditures, foreign direct investment and its impact on the flow of knowledge and technology, and the quantity and quality of intellectual property. We discuss these topics for China and India and trace their evolution and effect through time and compare these to the United States.
Keywords
FDI inflows
FDI outflows
GDP per capita
GDP per capita on a PPP basis
Patent applications
R&D expenditures
United States, China, and India: Economy
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