China’s financing and investment spread across 61 BRI countries in 2023 (up...
2024-02-27 31 英文报告下载
In fact, the data indicate that developing Asia is no longer at the periphery of the global innovation landscape but rapidly moving toward its center. It is informative to compare the region’s performance with that of Latin America, another largely middle-income region that is broadly comparable to developing Asia in its stage of development. Figure 2.2.1 offers a snapshot of innovative activity, proxied by R&D, in developing Asia, Latin America, and advanced economies of the OECD in 2016. Developing Asia invests substantially more in innovation than does Latin America. It still innovates less than advanced economies, but the gap is small and narrowing. While developing Asia as a whole has become a major player in global innovation, substantial differences exist within the region, which divides it into two groups: the leading group of NIEs and the PRC, which invest a lot in innovation, and the rest of the region, which invests less (Figure 2.2.2).
According to R&D data, developing Asia is no longer a laggard in innovation but has become one of the global hubs of innovative activity. Further, trends for innovation indicators suggest that the region has become tangibly more innovative in recent years (Figure 2.2.3). The magnitude of regional innovation is sizable and growing rapidly. The region’s transformation from an innovation laggard into a major innovation player is consistent with its emergence as one of the three centers of gravity in the world economy, along with North America and Western Europe. Technological progress has contributed to the industrialization and development of many economies, most notably the NIEs and the PRC, and has elevated their technological capacity to levels that enable indigenous innovation that pushes the global technology frontier.
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