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Invisible Gold in Asia by David Llewelyn

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REALISM REQUIRED

Impressive though the figures cited by Mahbubani are, Asian businesses and policymakers should not get carried away. The reality is that the West together with Japan still dominates many areas of science and technology. Whilst it is true that R&D spending in Asia has been increasing, more than 80 per cent of the 700 largest R&D spenders still come from only five countries: the United States dominates, followed by Japan, Germany, the United Kingdom and France.

Paradoxically, much of the “Asian dominance” to which Mahbubani, now dean of the Lee Kuan Yew School of Public Policy at the National University of Singapore, refers has resulted in IPRs owned by Western and Japanese companies because of the trend to outsource R&D to Asia. ...

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