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Is China Innovative? The Latest Big Study Says Yes, Sort Of
The Economist Magazine (some of the absolute best writing on China, BTW) just came out with an article, entitled, The Innovation Game. It is on the recently issued Global Innovation Index, published by Cornell University, INSEAD, a business school, and the World Intellectual Property Organisation. The index ranks 140 countries and, “not surprising: Switzerland, Britain, Sweden, the Netherlands and America lead the pack.”
What I (and the Economist) found most intersting about this work, was some of the breakout analysis looking at how countries do relative to their wealth. As the Economist noted from the below graph, “many countries in Africa punch above their weight.” What is also apparent from the below graph is that Arab countries — with Qatar the worst of the worst — fare quite poorly. China does very well on this innovation to wealth measure, as does Vietnam.
The Economist also graphed out some of the countries based on the quality of their innovation and their wealth and in this China soundly ranked at the top of the list of “middle-income countries,” as can be seen from the below:
So is China innovative? Based on this report, I think the answer has to be yes, at least relative to its wealth. Your thoughts?
For more on China innovation, check out Can China Innovate? and Does China lack “A reliable way to protect valuable inventions”? Hold on there . . .
We will be discussing the practical aspects of Chinese law and how it impacts business there. We will be telling you what works and what does not and what you as a businessperson can do to use the law to your advantage. Our aim is to assist businesses already in China or planning to go into China, not to break new ground in legal theory or policy.
Source: http://www.chinalawblog.com/2016/09/is-china-innovative-the-latest-big-study-says-yes-sort-of.html
