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U.S. Innovation Performance: Challenges and Opportunities for Strengthening
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U.S. Innovation Performance: Challenges and Opportunities for Strengthening
Annotation
PII
S207054760009042-3-
Publication type
Article
Status
Published
Authors
Natalia Sudakova 
ORCID: 0000-0002-6082-1906
Occupation: Deputy Director
Affiliation: Institute for the U.S. and Canadian Studies of the Russian Academy of Sciences
Address: Russian Federation, Moscow
Edition
Issue 1
Abstract

The paper shows how the U.S. innovation performance has changed over the past few years. The United States has improved a number of indicators of innovative development, which were weakened as a result of the recession of 2008-2009 and now takes the third place in the global innovation index.

It has been revealed that European countries, such as Switzerland, Sweden, Great Britain, Netherlands, Finland, Denmark, Germany, maintain their presence in the top ten of the world innovation rating. And Switzerland has been leading steadily during the last nine years. In 2019, Israel entered the world's top ten for the first time and ranked first in terms of innovation intensity. East Asian Countries, such as China, Korea, Singapore, are gradually strengthening their scientific and technological capabilities, creating competition with leading countries.

In modern world, innovation is the engine of economic growth. At the same time, the increase in global R & D spending is mainly due to private investment. And the growth rate of public R&D expenditures is slowing. This creates risks for the development of basic science, on which breakthrough innovations are based. The projected slowdown in the world economy reflects global economic uncertainties. Moreover, the growing protectionism may have a negative impact on knowledge-intensive sectors and knowledge flows in the world.

The increase in public R&D funding during D. Trump 's presidency creates a good base for development of R&D priorities that can make a significant contribution to strengthening U.S. competitive positions on the world stage.

 

Keywords
USA, Europe, East Asian Countries, innovation, economic growth, science and technology policy, public R&D funding
Acknowledgment
The reported study was funded by the Program of Fundamental Research of the Presidium of the Russian Academy of Sciences "Analysis and Forecast of New Global Challenges and Opportunities for Russia" for 2018-2020. Project "U.S. Security Policy in the Modern World and U.S.-Russia Relations"
Received
29.01.2020
Date of publication
06.04.2020
Number of purchasers
40
Views
4846
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Previous versions
S207054760009042-3-1 Дата внесения правок в статью - 31.03.2020
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References

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3. Second Place America? Increasing Challenges to U.S. Scientific Leadership. A Report by the Task Force on American Innovation. May 2019. Available at: http://www.innovationtaskforce.org/wp-content/uploads/2019/05/Benchmarks-2019-SPA-Final4.pdf (accessed 01.11.2019).

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7. Sudakova N.A. Byudzhetnaya politika SShA v sfere NIOKR: tendentsii i prognozy. SShA & Kanada: ehkonomika, politika, kul'tura. 2019. №10. S. 54-77. DOI: 10.31857/S032120680006805-9. Available at: https://usacanada.jes.su/s032120680006805-9-1/?sl=ru (accessed 17.12.2019).

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9. Sudakova N.A. Byudzhetnaya politika SShA v sfere NIOKR: tendentsii i prognozy. SShA & Kanada: ehkonomika, politika, kul'tura. 2019. №10. S. 54-77. DOI: 10.31857/S032120680006805-9. Available at: https://usacanada.jes.su/s032120680006805-9-1/?sl=ru (accessed 17.12.2019).

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11. Jeffrey Mervis, David Malakoff. Final 2020 spending bill is kind to U.S. research. 16.12.2019. Available at: https://www.sciencemag.org/news/2019/12/final-2020-spending-bill-kind-us-research (accessed 17.12.2019).

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