“Innovation in America: A Gathering Storm?”
The November 20 issue of The Economist argues that, despite recent popular belief, America is not losing its competitiveness to emerging markets. Citing the Booz & Company Global Innovation 1000 study, the article contends that the rise of emerging economies may even help companies from rich countries that take a global approach to innovation, stating that “[The study] has shown in the past that spending more on research has no correlations with better financial performance. But this year’s study, recently released, found that multinational firms that took a global approach to research outperformed those that concentrated their research spending in their home market.”