Technological Dynamism in Asia

We analyze innovation in emerging and newly industrialized economies over the past 30 years, with the emphasis being on Asian economies. We use US patent data to study how the innovative capabilities of Taiwan, Korea, Hong Kong and Singapore have expanded in relation to emerging economies in Asia and Latin America. We then carry out a sector-level analysis of innovation for Korea, Taiwan, Singapore, Hong Kong, India and China. We also study the relative importance of foreign multinationals, business groups, individuals, domestic firms and research institutes in innovation. Finally, we study the overall concentration of innovative activity in Asian economies