2. The Race for the Best National Innovation System: Who Has the Most Effective Strategy?
“The real in international relations includes not only the state of affairs at the moment of time, but the direction of change as time proceeds.”
—Timothy Snyder, The Reconstruction of Nations (Yale University Press, 2003), 221
Identifying Future Players in the Global Knowledge Economy
In the previous chapter, we noted that global patterns of research and development (R&D) spending are changing in favor of emerging economies. This raises a question: Who among the new spenders could become a significant new player in the knowledge economy of the future? One way to answer this is to look at long-term economic forecasts, such as the famous Goldman Sachs publication ...