The United States is losing their standing in science and technology. The National Science Board just released a report indicating that Asian economies like South Korea and China are now performing a larger portion of global research and development.
Previously, Japan, Europe, and the United States had a monopoly on global research and development; however, since 2001, China and other Asian countries took the lead in building their capability in technology and science.
The new science and technology leaders recognize that innovation in these fields of study will improve living standards and social welfare, as well as provide a contribution to national competitiveness.
Asian countries contributions to science and technology
From 1995 to 2008, China increased the number of researchers three –fold. In addition, South Korea doubled their research between 1995 and 2006.
Both nations enhanced science and technology training in their universities and because of this expansion; students are capable of finding employment in their own nations while advancing their science education.
Additionally, these countries have concentrated on high-tech manufacturing, clean energy, and the global economy. China invested close to $61 billion in clean energy with most of the funds going to wind and solar energy, as opposed to the U.S. spending $29 billion.
The U.S. remains at the forefront for now
The U.S. is still the world’s leader in science and technology; however, according to Ray Bowen, National Science Board member and chairperson of its Committee on Science and Engineering Indicators, which oversees development of the report:
"...there are numerous indicators showing how rapidly the world is changing and how other nations are challenging our predominance. As other countries focus on increasing their innovation capacities, we can ill afford to stand still. We now face a competitive environment undreamed of just a generation ago."
High-tech industries in the U.S. are doing better than other developed countries since the Great Recession. Nonetheless, as other countries focus their time and money on education and innovation in science and technology, they will help to contribute quality and value to our living standards and environmental health.