R&D investment lessons from China
There are lessons in R&D investment to be learned from China. The Chinese government encourages Chinese companies to create and own technologies, and also transfer technology from abroad, according to American author and editor Professor Dr. Brenda K Wiederhold. [2] “As a result, a number of multinational technology and pharmaceutical companies have taken advantage of this policy” to transfer facilities from India. The Chinese government owns all top-ranked academies and has tripled its investment in education in the past 12 years, she notes. These universities emphasise research. “Of the five million students graduating per year, about one million are research students. And China’s academicians file more patent applications than those in any other country — 16 percent compared to 4 percent in the United States,” Wiederhold adds.
[2] Brenda K. Wiederhold Investment in Innovation: Lessons Learned from China (CyberPsychology, Behavior, and Social Networking, Volume 14, Number 4, 2011)
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