Western Knowledge Gap Widens

From The Engineer:

Researchers at Sheffield University and Aston Business School have found investment in Research and Development (R&D) is rapidly shifting from North America and Europe to Asia, resulting in a small elite club of regions, in both the advanced and developing world, that are dominating the global knowledge economy. In the new findings published today, the researchers found that, of the $50bn invested by multinational companies in R&D projects around the world between 2002 and 2005, Asian economies received 58 per cent of this investment, with Europe receiving 22 per cent and North America 14 per cent.

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