Here’s Proof That American Innovation Isn’t Dead

S&T Chart

[credit provider=”National Science Board” url=”http://www.nsf.gov/statistics/seind12/”]

The National Science Board recently put together a huge report, Science and Engineering Indicators 2012, about how much money is being invested in science and tech R&D around the world (via The Atlantic).

Click here to see the charts >
It’s showing just how many billions the Asian nations are investing to compete with the U.S. and the EU in producing intellectual capital (research, patents, property) — but that the U.S. still dominates in R&D spending worldwide. While China is graduating the most engineering students by far (34%), the U.S. is only turning out a shocking 4% of those grads. 

But the report also shows that patents that come out of the U.S. and the EU are by far the most valuable in the world, and that the most R&D investment is taking place between Western-based multinational corporations.

All countries are collaborating a ton more than they ever did before, and U.S. multinational corporations are spending billions — 20% — more on R&D in the Asian markets, which is a shift away from its previous investment in Europe and Canada.

Though money and intellectual property may be shifting nations, this research proves one indisputable fact: that the epic growth of the technology sector is not slowing down anytime soon. In 2010, the sector produced “$18.2 trillion in global economic output — about 30% of world GDP, and a growing share of many countries’ economic output.”

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title=”R&D spending worldwide has more than doubled since 1996, reaching an astronomical $1.3 trillion”
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title=”Asia caught up to the U.S. in R&D spending in 2009, by devoting $400 billion annually”
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title=”The U.S. is exporting the most intellectual capital. The EU briefly out-performed the U.S. in 2007, but the number dropped off significantly in 2007 — just as we headed into the recession”
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permalink=”but-when-it-comes-to-high-tech-products-the-us-and-the-eu-are-at-100-billion-and-50-billion-trade-deficits-respectively-the-asian-nations-are-all-pulling-in-trade-surpluses-4″
title=”But when it comes to high-tech products, the U.S. and the EU are at $100 billion and $50 billion trade deficits, respectively. The Asian nations are all pulling in trade surpluses”
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permalink=”the-us-is-the-biggest-consumer-of-chinas-exports-5″
title=”The U.S. is the biggest consumer of China’s exports”
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[slide
permalink=”china-is-also-the-biggest-consumer-of-goods-from-other-asian-countries-another-indicator-of-its-rapid-growth-6″
title=”China is also the biggest consumer of goods from other Asian countries — another indicator of its rapid growth”
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[slide
permalink=”overall-the-asian-countries-are-still-exporting-significantly-more-high-tech-products-than-the-western-countries-7″
title=”Overall, the Asian countries are still exporting significantly more high-tech products than the Western countries”
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permalink=”since-the-tech-bubble-burst-in-2001-the-us-hasnt-recovered-all-the-tech-manufacturing-jobs-it-lost-8″
title=”Since the tech bubble burst in 2001, the U.S. hasn’t recovered all the tech manufacturing jobs it lost”
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[slide
permalink=”the-uss-high-tech-manufacturing-industry-is-still-the-most-valuable-in-the-world-9″
title=”The U.S.’s high-tech manufacturing industry is still the most valuable in the world”
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[slide
permalink=”though-china-dominates-in-providing-value-through-manufacturing-of-computer-and-office-machinery-10″
title=”Though China dominates in providing value through manufacturing of computer and office machinery”
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[slide
permalink=”the-eu-is-exporting-the-most-intellectual-capital-for-commercial-use-11″
title=”The EU is exporting the most intellectual capital for commercial use”
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[slide
permalink=”but-the-us-provides-more-valuable-commercial-intellectual-capital-to-the-rest-of-the-world-12″
title=”But the U.S. provides more valuable commercial intellectual capital to the rest of the world”
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[slide
permalink=”overall-the-tech-industry-has-dramatically-increased-in-value-worldwide-since-the-1998-boom-13″
title=”Overall, the tech industry has dramatically increased in value worldwide since the 1998 boom”
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[slide
permalink=”even-if-theres-more-output-from-the-asian-countries-in-some-areas-patents-that-come-out-of-the-us-and-eu-are-the-most-valuable-in-the-world-14″
title=”Even if there’s more output from the Asian countries in some areas, patents that come out of the U.S. and EU are the most valuable in the world”
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[slide
permalink=”in-the-early-1990s-the-us-was-awarding-nearly-half-of-its-patents-to-japanese-inventors-that-percentage-has-steadily-declined-since-then-15″
title=”In the early 1990s, the U.S. was awarding nearly half of its patents to Japanese inventors. That percentage has steadily declined since then”
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[slide
permalink=”there-is-more-research-collaboration-worldwide-since-1989–an-indicator-of-globalization-16″
title=”There is more research collaboration worldwide since 1989 — an indicator of globalization”
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[slide
permalink=”asian-countries-are-producing-dramatically-more-engineering-research-articles-eu-comes-in-at-a-distant-second-and-the-us-is-third-producing-15-17″
title=”Asian countries are producing dramatically more engineering research articles. EU comes in at a distant second, and the U.S. is third, producing 15%”
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[slide
permalink=”eastern-countries-have-devoted-significantly-more-resources-to-hiring-researchers-18″
title=”Eastern countries have devoted significantly more resources to hiring researchers”
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[slide
permalink=”china-graduates-a-shockingly-higher-percentage-of-engineering-and-natural-science-students-every-year-a-number-that-has-been-increasing-steadily-since-2002-19″
title=”China graduates a shockingly higher percentage of engineering and natural science students every year — a number that has been increasing steadily since 2002″
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[slide
permalink=”the-us-produces-only-4-of-engineering-college-grads-each-year-compared-to-chinas-34-20″
title=”The U.S. produces only 4% of engineering college grads each year, compared to China’s 34%”
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[slide
permalink=”the-most-rd-money-is-exchanged-between-the-us-and-the-eu-21″
title=”The most R&D money is exchanged between the U.S. and the EU”
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[slide
permalink=”the-amount-of-rd-spending-in-the-us-equals-that-of-all-the-asian-nations-combined-22″
title=”The amount of R&D spending in the U.S. equals that of all the Asian nations combined”
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[slide
permalink=”the-us-performs-around-15-of-its-rd-abroad-a-number-that-has-grown-by-5-since-1999-23″
title=”The U.S. performs around 15% of its R&D abroad — a number that has grown by 5% since 1999″
content=””
image=”http://static.businessinsider.com/image/4f198c7aecad04533500004f”
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[slide
permalink=”but-china-is-trying-to-catch-up-by-investing-more-in-rd-spending-in-recent-years-whereas-the-us-has-decreased-the-percentage-of-its-investments-since-the-recession-24″
title=”But China is trying to catch up by investing more in R&D spending in recent years, whereas the U.S. has decreased the percentage of its investments since the recession”
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[slide
permalink=”rd-dominates-a-larger-part-of-the-japanese-economy-than-any-other-that-is-if-south-korea-didnt-rise-up-in-the-last-three-years-25″
title=”R&D dominates a larger part of the Japanese economy than any other — that is, if South Korea didn’t rise up in the last three years”
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[slide
permalink=”want-to-see-more-charts-about-rd-around-the-world-26″
title=”Want to see more charts about R&D around the world?”
content=”Read about how companies that put a ton of money into R&D aren’t necessarily more innovative than those that don’t >
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[/slideshow]